I am under contract for a duplex in Syracuse, NY, built in 1925 and have received three different insurance quotes; all having significantly different dwelling replacement costs.Purchase Price: $155,000Quote 1 - $292,000 (premium: $1,062/yr)Quote 2 - $400,000 (premium: $1,072/yr)Quote 3 - $600,000 (premium: $1,264/yr)I chose the $2,500 deductible.How do I know how much I will need?

Builders often have an escalation clause built in that says something to the effect of “if material costs increase more than 10% during the time of construction, builder can raise the price to cover the difference”. 

And I had built several key investor relationships by way of showing what I had accomplished with my first two deals) but at the end of the day, the worst that could happen was that I'd run out of money and have to find a job in 12 months (I gave myself a year of runway).

I live in canton and have built a little rental portfolio since COVID hit.

There is also a Maryland-wide lead inspection that is required for any property built before 1978, but that applies anywhere in MD, not just Baltimore.There is a very active investor community in Baltimore that I've found invaluable (especially as an outsider trying to learn the city).

Purchase price: $729,000 Cash invested: $250,000 Sale price: $1,550,000 We performed the following renovations prior to selling the house:-Converted an open dining room into a 4th bedroom creating 2 closets and french doors-Renovated the kitchen and master bathroom including moving water lines and venting-Installed a beam creating an open archway-Covered the fireplace and installed custom cabinets in the living room-Built a patio with pavers and a pergola-Removed concrete patio and installed sod-Installed can lighting -Carpentry -Paint

When I started, out I built up a buyers list of investors who I could assign the contracts to. 

This seems like an obscene amount, and is actually a Grant Cardone MASSIVE 10x form of what my original goal was, that I built based off what I want to provide for my wife and kids, our parents, and our livelihoods in general. 

The hone is technically a two family, but I built a bedroom in the attic which has its own private entrance.

If you do not have equity built into your home, you can not pull it out.