It's not that simple math is wrong, it's just that you can open your mind up to much more possibilities, like investing in appreciating markets, once you become knowledgeable about 2 things, 1) Sophisticated Math and 2) Economics so you can read the future of the market.Personally, I don't know how any Investor doesn't want to learn enough about Economics to get a gauge on how the next 10 years in their specific Area of investing may turn out.Will it be like Detroit, which went bankrupt but you could easily have seen that if you paid attention to the 3 Big Auto Makers?

@Nik S. you can go with a traditional Builders risk, but there are other insurance programs specifically built for the flipper. 

From my experience: when I purchase in bulk I always want a deep discount, however if I’m buying one item I understand that the margins are not high enough for a deep discount.

In my experience though, those margins aren't as big as people tend to want to believe.Hope that helps.

If there's specific questions you have feel free to reach out

I'm not sure about your specific state as to whether you need an attorney involved, but for most you do not. 

Use the search bar and check the Colorado specific forums.

I've tried to find this answer on BP and through searching Google, but have not been able to get the specific question answered.

I wanted to see if anyone knew the specifics for how those 15 days are calculated?

It specifically states criteria and also that the app fee is NON-refundable.