Agreed, the owner likely just Thinks he needs to do this....no mtg, legal or tax savings reason for doing it.

agree that the meetup run by @Justin Brown is very good in terms of learning, and it’s free!

Micheal, I would agree, investigate Section 8.

Josh, I agree with Nikki.

I agree with @Kate J.  

I agree,  those are the three most useful tools anyone will ever need.Yes,  a corded circular saw is a must, these battery-powered circular saws can't do countertops or 3/4 plywood for long. 

@Logan Fast Give our country another couple of years being removed from the housing collapse, and I’m sure we’ll start to see ways for investors to start buying with no down payment again.

Given the pricing is the same, use the list below to eliminate the policies that do not include as many of these coverages/forms.1)  To limit your 95% of your financial risk, I would start with the following - $1M Liability, Replacement Cost, Agreed Value, Special Form, and Loss of rents.2) Secondary coverages you may want to consider if your building is susceptible to these risks, Building Law and Ordinance, Sewer Back up, Contents coverage, Flood.

I agree that I may be able to get slightly better tenants.

**you may want contact an experienced Construction/Real Estate Attorney and design the contracts and insured, agreeing to hold harmless and indemnify the owner, waive subrogation, are all things that may need to requirements of your contractors.