Brandon & Tyler, Most of my flipping clients use a program where the Builders Risk piece is an endorsement to a standard policy, making it possible to go month to month & give the lender an annual policy.The program may not have all of the coverage a standard Builders risk has, such as coverage for building materials in transit, but it fits most single family flips.If you go with a traditional Builders Risk, most policies are non-refundable;  the insurance term is "Fully Earned". 

I am transitioning into real estate from 3.5 years of car sales. 

If that lender says anything more than 1 unit needs 20-25% down you need another lender as they clearly do not understand what is being asked, and/or do not know the guidelines on conforming loans...which is scary.If you sell your primary house and move into a multi, it is easy to explain that transition, fiscal responsibility, retirement planning etc. 

Thought this transition may be a good time to start looking at other softwares.

As @Dmitriy Fomichenko mentioned, the idea is to transition your 401k plan into a self directed IRA providing it doesn’t reside within your current employer plan.

Mainly those south of Drake Ave as @John White mentioned.With that if you could find a strong property manager you may be able to slowly transition those rents to a little higher but there are still 1/1 which may be difficult.

Hello BP members,* tried searching BP for a definitive answer and couldn't find one** I need some help understanding the process of moving from Bridge-loan to Traditional-loans*  I'm practicing running proForma-charts and evaluating properties ( * using fake Examples to drill in the concepts*).Can someone explain how exactly would one transition from a Bridge loan to a more Traditional loan?

This is indeed a bit of a longer term play, because in the transition phase you're still likely to have quetionable tenants that you're going to be dealing with.

My wife and I are house hacking with a property and transitioned from the apartment attached to our home being an Airbnb, to a tenant, in hopes of a more passive investment.

Mass plumbing code requires this for stand up showers where as regular tub/shower combo is 1 1/2".