It sounds to me like you have an ACV (Actual Cash Value) Policy.

I am definitely a newbie when it comes to any type of construction or repairs, as of today, but I will certainly aim to harness that skill.

My question is if there is a concept  of an insurance policy that will guarantee a specific noi number.For example if I am buying a property for 1 million with projected noi of 75k is there a way to buy a guarantee that anything below that at years end they would reimburse.Essentially this would make it a guaranteed investment in terms of cash flow

Most places have denied coverage because i "lack experience" and have suggested i hire a GC (general contractor) who already holds a general liability policy.

@Itia Dow depends on a lot of stuff and the best way is to actually get preapproved.But for rough numbers for FHA they will want credit score at least 580 but aim for 620 or higher, debt/income ratio to be under 45%, under 43% is even better.

I hope the rest of the states learn from the failed policies of Illinois.

I will make arrangements to come by and go over the lease with you sometime next week.This new lease will provide you with important information regarding our company’s policies.

Some construction companies have loser employees that will trash the place.My policy: add utilities to the rent so they don't have to establish their own accounts.

Many associations establish a policy limiting the types of flooring that can be used, and/or requiring sound deadening material be used to limit the transmission of sounds, including "walking" loudly.

@Cole SteelePersonal preference but if you have a good pm, insurance policy and are not a scumlord you should be fine not needing a LLC.