HIPAA is a health insurance law.

No 2 years tax returns, months of statements, $700 appraisals, $1200 lenders title insurance, large origination fees or waiting 45 days with fingers crossed.The other advantage is refinancing is much easier on you and the property and if you bought with SF below market value, the value will come into play after 6 months. 

There is a very large highly regarded bank/insurance company that is apparently AWFUL at closing loans. 

Additionally, what if I or a contractor had an accident and received bodily injury, would we be covered under the homeowners insurance policy?

I'm ready to start looking at properties and identifying a contractor/s I can work with, what type of insurance will I need to make sure my business is properly covered and does that have to be renewed/added to each house I flip or is there some sort of umbrella policy that I can add and remove properties as my business progresses?

We dont have coverage everywhere but I can point you in the right direction if we dont!

Here is our first quote on adequate insurance for the property.

You also have to deduct: vacancy, insurance, taxes, management fee and maintenance.

The rent I receive is almost exactly equal to the mortgage payment with taxes and insurance.

Factor in taxes, insurance, and reserves for maintenance and vacancy and that $200 "cash flow" disappears quickly.