He did this exact same thing and started 3 years ago with zero experience but a passion to create wealth and get out of the rat race.  

When purchasing a flip make sure to ask about a title insurance binder policy.

Prices in GP and Alberta still have room to drop, and you definitely should include expenses for CAPEX and Property Management just in case, which means your cash flow will be near 0.Basically if you are CF zero, you are betting on the market to go up for your increase, and it is not likely the market will do so for another year or more.I would say wait for the market to drop a little more or find a different market with lower prices and potential for better cash flow.

I've been reading about the Fed possibly lowering interest rates to zero or negative percentages. 

You want to be in control if there's future issues and to avoid a costly Unlawful Detainer action - - you can give a 30-quit and be done with it.I favor a full CR and look at the 30,60,90 lates and the collections - - want ZERO within the last 6 months. 

(like 10k+ closing costs quoted from multiple banks for a simple refi)Insurance in the 300 per month range vs 85 for the same property if it were held privately.Town taxes such as water/sewer/property are billed at a higher rate.Plus more.So, what I am thinking of doing is:a: quit claiming the deed into my personal name.b: adding a million-dollar liability policy to the standard dwelling/fire coverage to protect my assets.

I see NY with its liberal policies destroying the economy, constantly raising taxes and scaring away jobs.  

And articulate the new payment policy. 

I had done rehabs and rental homes, so I wasn't starting from zero.  

a proper builders risk policy is written to cover RCV or ACV if ACV is greater when construction is complete you need a standard dwelling policy.