You need builders risk, a GC’s builders risk only covers Their work.

Do you have funds in place or available to cover this?

could all this be covered by a renter I'm sure there are lots of ways to make land work, I can't wait to hear more from this thread :)

The rent covers PITI and utilities with a little extra built in to cover anything over the average utility usage.

Submit an insurance claim and hope they cover it.When you have water damage, particularly over a longer period of time, there's a high risk of mold.

They love it have experience a small bit of appreciation but the numbers there for rentals would not quiet cover your expenses.

-I highly doubt they have rent, plus late fees, plus costs to cover filing-We planned to issue a 30 day if they had paid with the 3 day-I also doubt that even if they paid for May, that they would have June's payment by the 1st.

With an updated appraisal it might be tough to win an IRS argument though if you were to use the assesment, if the IRS sees an advantage to using the most recent appraisal.I'm a huge fan of the 2500 de minimus it gets you the deduction today AND when you do to sell the asset is not covered under Section 1245 recovery.

I ran the check to validate the story and things matched up however, when I asked for the scholarship/grant/aid cover sheet, they said they don't have one yet.

I've never purchased a home so I qualify for FHA 3% down which I can more than cover.