Hi All,I would like to know if it is necessary or recommended to get a Builders risk insurance as the Developer/Flipper on a Flix and Flip even if my contractor has general liability insurance and workers comp insuran...

I know this sounds like a minor thing to experienced investors, but I keep getting stuck when I try to imagine how I work around tenants to get all the apartments fixed up so I can raise the rents, the appraisal value and then refinance. 

Some plastic boxes fixed that problem. 

The Screen shot below is in your Fixed Asset Items List: This is where you can customize QuickBooks to show you everything you want to know about this property.

I'm having problems visualizing how to fix up properties to the extent that they need to be, and not overspending to make it beautiful or restore to former glory.

I can practically bring in tenants after some quick and basic fixing such as the roof, painting, carpeting and new windows.

The tenant pays an amount up front, and you give that person the option to buy the house over the next X number of years at a fixed price you decide at the beginning.

Try to find one that needs a little cosmetic work so you can fix it up and get appreciation.

@Lane Kawaoka $3k-$5k on a $3mm-$5mm property is extremely low, I'd be wary of such a study as it likely relies heavily on statistical sampling or computer modeling.

High achievers always move the goal line out anyway; so, tying your happiness to the end result rather than daily action can result in unhappiness along the way.Regarding real estate investing, add value...it speeds up the wealth building process. in the For What ever its worth category.. to me real estate is life.. its a life style.. there is no retirement.. not sure why folks get so worried about retirement.. you get your stable of whatever kind of real estate you want  sFR multi commercial  Notes  short term lending .. fix and flip  value add  MHP  storage spec building etc etc.. and you nurse them along and work with them until you pass through the pearly gates.. why retire even if you retire with rentals your still involved in some manner.. if I looked at real estate that way I retired at 18 when I started selling the stuff it was and is not a JOB to me its a lifestyle..