@Jorge Vazquez welcome to the BP community.

My insurance agent told me the vacant home policy is applicable if I go the first route and builders risk if I go the second route (tear down to basement foundation).

Hello BP community! 

Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

Hey BP community, I'm a fix-n-flip  investor in training who's studying the business and analyzing deals before pulling the trigger on my first solo flip.

And you should jump in, the community is pretty great here.

Hey BP community,I was listening to a podcast here on BP (episode 181: Finding Deals and Scaling in a Competitive Market) and the special guest talked about a good way to get feelers for where the competition is flipping properties in your market.

especially bigger pocket community?

I'm also looking for input from the Bigger Pockets Community regarding that strategy.

Comps comprise several factors:locations within x miles of the subject (as close as possible)square footageupgradesviewswaterfront vs no waterfrontlot sizeageThere may be a few more as well.If they have sales in the same community that are similar those will be the best comps.