In both cases you need to make sure you don't miss critical issues due to noise. 

First, Scott hit on a number of very important aspects of the financing and I will only re-emphasize that the financing package you are getting is very "ok" especially with a balloon after only 5 years and only a 20 year amortization.

Hello I'm Gerald in San Antonio, I'm new to the aspect of finding foreclosures, flipping houses that make sense.

It is super basic but just says where the fire extinguishers are, where the water main shutoff is, the main electrical breaker, has an encouragement to call 911, and includes some critical phone numbers in case they can't get a hold of me right in the moment. 

Insurance is not tied to the price of the home in any aspect, which you elaborate later on.The OP is comparing his primary to an investment so in this case we are not really worried about what is insured as far as contents and such.

The most important thing about rehabs I think is critical path components that must be completed on time.

I can't emphasize enough what I mentioned in my last post; a team on the ground that you can trust, has a great reputation and most importantly, specializes in working with out of state investors is critical to saving time and money.

(Really, this property was an incredibly lucky find all the way around - I haven't been able to duplicate quite this level of success since then).People's biggest criticism of this plan is that the credit card companies charge cash advance fees. 

It’s helpful in many aspects of business, including managing deals, negotiations, contractors and employees.

Don't get too caught up in the self-education aspect of it because it's very easy to do.