He writes builders risk for local rehabbers and does an extensive number of rehabs himself.

I'm under contract on a property I intend to flip and my insurance agent has recommended that I get a Builder's Risk Policy since I'm planning to do extensive renovations ($60K budget).

The obvious answer should be neither since they both can potentially cause extensive damage to a property. 

It required new foundation, mechanical, extensive framing repairs, etc.

I am a brand new investor with properties in all 50 states and an extensive network of private investors! 

I have just signed an extension to this lease until December 2019. 

BTW: gutters do no good if the downspout drops the water 6 inches from the house... extensions people!

Quit claims are fine in some states in others you will have a problem insuring them going further.If there is hair on this you can take title by quite claim deed and use it as a rental but will probably not be able to sell it or finance it.so if its cheap enough and your keeping it as a long term rental then quit claim is fine. 

If I were to continue to run my own company but only my 2018 income would cover the DTI I need (due to extensive equipment/ tool write offs in previous years) would I have to wait until 2019 returns to show “stable” income?

Such statement may be given orally if the written notification advises the applicant of his right to have the statement of reasons confirmed in writing on written request.(3) A statement of reasons meets the requirements of this section only if it contains the specific reasons for the adverse action taken.(4) Where a creditor has been requested by a third party to make a specific extension of credit directly or indirectly to an applicant, the notification and statement of reasons required by this subsection may be made directly by such creditor, or indirectly through the third party, provided in either case that the identity of the creditor is disclosed.(5) The requirements of paragraph (2), (3), or (4) may be satisfied by verbal statements or notifications in the case of any creditor who did not act on more than one hundred and fifty applications during the calendar year preceding the calendar year in which the adverse action is taken, as determined under regulations of the Bureau.(6) For purposes of this subsection, the term “adverse action” means a denial or revocation of credit, a change in the terms of an existing credit arrangement, or a refusal to grant credit in substantially the amount or on substantially the terms requested.