Both worth over $1MillionWe've always been insured for $1M in liability.Our broker presented an option for insurance for one property that would be $500K.Do you think we'd be at risk with this level of coverage?

My Strategy:- Buy with primary goal of renting in the future- Live-in flip for the first 1-2 years to build equity and increase potential rental price Exit Options:- Refinance and rent the property, using equity and savings to buy again, move in, and repeat- Pull equity that built due to small renovations done over 1-2 years and purchase another property w/ intent to rent, staying in this first one- Sell/1031 (thanks to forced appreciation from reno)Will this work regardless of the asset being a townhome or SFH, or am I missing something? 

This seems like it may be the least intensive, and one of the more affordable options as you qualify for more optimal loans if the house serves as your primary residence 

Since as inventory of rental options decrease, the demand for those that effectively operate as AirBnB's should theoretically increase. 

Should we consider different financing options?

Is NC one of the states that has non refundable option money?

With a viable deal, lenders can send it to their network of buyers, providing financing options attached to the offer.

Even if you use alternative financing options that don’t require you to have an income most still require 10-20% down payment.

Any other option except Open phone?

Happy to help with some creative strategies and chat through some options!