Hello,I have a wholesale deal locked up on a vacant piece of land, but a prospect buyer would need to obtain a loan for all or some of the price.

In the other there was some roof damage but based on what they would cover it didn't make sense to go forward given the deductible.

But I am wondering if my insurance would cover if they accidentally damage or burn part of the house (due to the extra wiring and lights in the garage)?

Nervous about no reserve cash in case of damages/accidents.OR2) Invest out of area, in a more affordable market, where I can afford a 20% down payment and hire agents, contractors, and managers to handle the rehab, leasing, management?

So if that sounds doable to someone out there and you have roughly 10-15 hours a week to work with clients/prospects shoot me a message and we can chat some more!

My concern is that if the tenants move out but damage the property, what is the recourse?

The only caveat I have with rents per square foot, is that in lower-income neighborhoods and lower rents, prospective tenants generally don't look at the "per sq ft" cost and are instead looking at the "bulk" costs and comparing that to other rentals in the area. 

I bought a hurricane damaged home here in Panama City with a low-down, seller financed note and leveraged a partnership for the rehab costs.

Speak to a mortgage broker about this.Then, get at least a couple of realtors with experience with investors to find you prospective properties. 

End BackgroundIn talking with home about creative financing he mentioned to me that when he sold his home just next door, he listed it for $175k and the prospective buyers came in and offered him $198k.