I only invest in opportunities I can drive to in an easy hour (no heavy traffic).

Do construction loans cover the architectural costs also?

It's in a fairly heavy buy and remodel phase right now and may be a good time to get in.

The shower was fixed by them, however he said the water shut off valve wasn't covered by the policy...1.

Leverage is a force multiplier: It can move a project along quickly and increase returns if things are going well, but if a project’s loans are under stress – typically when its return on assets isn’t enough to cover interest payments – investors tend to lose quickly and a lot.As a general rule, leverage should not exceed 75% of the total property value, including mezzanine and preferred equity, because both of these types of debt sit ahead of common equity in payment order.

Get programmable thermostats, set them to a scheduled heating program and keep it behind locked covers for thermostats.

It's hard to open book things otherwise since there's a lot to cover.

The 6 months of prepaid interest covers until the end of March, so I won't have to pay anything back. 

It is simply something that isn't covered.

If you buy right the cash flow could cover everything.