Your insurance agent can arrange that and you'll need to take that binder and paid receipt for coverage to settlement, unless other insurance provisions have been agreed to.

Thanks for the info.I found a list company that sells me a list that will be excusive to me for at least 6 months.I also supplement that with DFDregards.

.)$0Gross Operating Income (GOI)$16,740Annual Opertating ExpensesAccounting$300Admin/Bank Charges$0Advertising$0Electricity$0Elevator$0Gas$0Landscaping$0Legal$200Maintenance & Repair$2,000Payroll taxes$0Permits and licenses$0Pest control$0Pool$0Property Insurance$440Property Management$0Real Estate Taxes$3,850Security$0Telephone$0undefined$0Tenant buyout$0Trash$0Water$0Other$0Other$0Total Operating Expenses$6,790Net Operating Income (NOI)$9,950Annual Debt Service (mortgage payments)$7,811Before Tax Cash Flows (BTCF)$2,139Key Operating RatiosCapitalization Rate9.05%Cash on Cash (COC)9.72%Gross Rent Mulitplier (GRM)6.11Net Income Mulitplier (NIM)11.06Debt Coverage Ratio (DCR)1.27Expense Ratio (ER) Per Unit40.56%Price Per Unit$110,000Here is a link to the property:https://ithaca.craigslist.org/reo/4827978957.html   

Seller financing is an installment purchase transaction even though you may have taken title, title has not been paid for.If I were to fluff the benefits of a life insurance policy, the insured can switch coverage or drop coverage, if they are to collect, they'll be dead!

Even if the box was installed without your permission if the leak was your responsibility you may want to coverage the damages if you value this tenant.

Yes, I am right here in Scottsdale, AZ literally walking distance from where ESPN will be set up for their Super Bowl 2015 coverage.

I've seen many related discussions on the boards here - but none that explicitly address what I'm looking for - at least in simple terms.Here's the scenario:Project:  Rehab and flip, own for less than 6 monthsHouse built: 1930Purchase price:  $34KEstimated rehab cost:  $50KARV:  $130KHere's what I'm looking at w/ respect to a quote I'm ready to go with:Vacant/Builders Risk Insurance, 6 month policyCoverage amt:  $130K, ACV (gathering RCV is not available industry-wide for house this old)Co-insurance: 80%Liability:  $500KTheft:  $5KMy question is basically - would this be considered sufficient coverage?  

From a financial stand point - You will need a rent roll, actual expenses for property taxes, insurance, utilities, property management, repairs, maintenance, landscaping, vacancy rate.Banks will typically look at Debt Service Coverage Ratio (DSCR) so make sure your DSCR is >1.5 (1.25 min)You will typically look at Cash-on-Cash Return, Cap Rates, Opex Ratio, Breakeven ratio, interest carry over ratio, gross rent multiplier so you will need the above actualsWhen was the house/apartment constructed?

Since there has been a huge amount news coverage about Trump University, I thought I would ask a simple question.What percentage of "guru courses" do you think operate exactly like Trump's "University"?

Alex, thanks for your response.To clarify, the goal is (relatively) passive income, to build wealth now with current cash flow going towards purchasing more property or more debt, and then to supplement my income later (10yrs+).