I obtained quotes for "builder's risk" coverage to cover the property while it is vacant and under rennovation.  

Originally posted by @David Russell:Hi, im a new investor looking for good areas in Columbus ohio to buy rehab and rent  Like most investments, risk tolerance is one of the first factors to decide on.  

A bit of risk in that if there is any contamination, it will require additional remediation and retesting.Good luck.

So the retail cost of a roof replacement was nearly twice as much per SF on a flat roof as it was on a normally-sloped roof.The big risk, as others have pointed out, is that water will pool on the roof instead of sliding off.

If you do not want to risk having a tenant take you to court you had best start studying now before you take ownership.

If the unit is damaged because the leak was allowed to continue, I would charge the tenant for the additional repairs required.If tenants have such obvious lease violations, there is a high risk of additional problems down the road.

Oakland is gentrifying and rent control or liberal politics (like 'em or hate 'em) won't stop that trend...it's just a matter who's making the money.I hear what the out of state crowd is saying, but (caution - incoming anecdotal evidence) my buddy has bought other people's midwest fix and flips with no chance for forced appreciation (in fact the building depreciates over time as housing values remain flat factoring inflation), Lower Cap rate and greater risk than I experienced house hacking. 

There are some things to like, and some obvious risks to not like also. 

Again, I check rental history and I might ask for extra deposit money to mitigate my risk. 

I am aware of the risk of the loan being called as a result.