One coat of paint won't hold up for long in our location and may not even cover the paint that's already there.We've been replacing gutters over the past few years, all of which are baked in same color of which the community is already painted. 

Make sure everything is spelled out, cover the details on each scenario, if it all goes well, and if it goes south. 

I thought I had everything covered.

I have a couple of suggestions:1. if you are doing a rehab that will include the wiring, you may get a Renovation Builders Risk policy to cover you.  2.

Below is an article that I thought covered some most of the bases, but I have no way of knowing if it is good advice or not since I have not done it.  

In NJ, tenant will cover all count and lawyer fees for landlord?    

If you paid $54k cash and your insurance covers $94k in replacement value, you *should* be able to collect the $94k as well as the $8k in lost rental income and either rebuild or simply sell as is and let the Market figure out how much it is worth.

I don't believe the REIA covers MF specifically. 

You use this $96k to pay off your original loan of $80k and are left with $16k which you can use to acquire another $80k property.So yes, you now have 2 loans (which your rent should cover) but you've increased your total portfolio by $80k for no additional money!

If they insist on sending individual rent payments, we charge an administrative fee to cover the extra bookkeeping effort and bank charges.