Suggestions would be  most appreciatedSorry for your loss. 

says Robert KyioskiThey also say "it will never go down" The reality is if the investment they used equity on goes bust, they lose their job and/or there is a major correction on home values then the investor could face foreclosure, and/ or a huge financial loss. 

If the existing layout is not conducive to the plans (for instance, if you have to remove a load-bearing wall and engineer new structural support, or if it's not possible to add a br or ba without messing up the flow and functionality of the house), then it might not be feasible and could end up costing far more than it produces...Also, if this is your first property, I'd suggest against a flip.

Are these all C-Corp losses from golf courses and hotels? 

A renters policy is better for you and them because it provides them with Liability and Loss of Use (if they have to live elsewhere such as Hotel if there is a covered loss at the location).

-Profit n Loss - Year to date Profit n' Loss signed by a CPA. ( needs to match bank statements ) -CPA letter confirming that borrower is self-employed and the business is profitable and legit .

Electric and gas: I would not buy a property that's electric was not separately metered, so this should be 0 outside of vacancy loss or common areas where it will be low. 

Loss of rental income, contents replacement and property damage are the primary areas of coverage.

-building/dwelling coverage 250k -other structures 25k-loss of use 50k-liability 300k-wind/hail included-building/dwelling replacement cost included -deductible 1000, 2500, or 5000 (changes cost)cost for 5000 deductible is 121.17/month or 1454.04 annually -Is this any good, is there something I should be looking out for? 

Notify your insurance agent, sending them pics, copy of rental agreement (you have "loss of rents" coverage, right?)