@Fernando PenaIf the tenant intentionally or willfully damaged your place, your insurance might cover some of it.

🙋🏾♀️I have been thinking a lot about finding an investment mentor to talk some decisions through with but for the fun of it I decided to pick the collective brains of this massive community... ok here goes:So I have been thinking a lot about the strength of the current real estate market and whether it's time to sell my properties and take the proceeds to make some larger investments and go to the next level so to speak. 

We bank and have insurance with USAA.

I was reading an article ( https://www.biggerpockets.com/renewsblog/work-with... ) about delayed financing where it mentions "When you buy the house, you can put the rehab, your insurance, and any other hard costs like this on the HUD. 

@James CallHi James, your profile says you are an insurance agent.

My understanding is that if you use all the proceeds from the sale for the new property (purchase price plus purchasing expenses), it is tax deferred. 

The rebuild insurance is $84/month at $170k.

In working to get insurance, I found out the home was not insurable and I wouldn’t be able to complete the repairs in under 30 days to get it insured because it is currently tenant occupied until the end of the lease.I notified the wholesaler that there are some issues here and I would either need to buy it with cash (as intended) and leave it uninsured while hustling to do the roof, AC, and electric panel in under 30 days (a little tough to do with the permitting of a roof in Brevard county, FL right now).He said he’d check to see if any other buyers were interested and would “consider” refunding the assignment fee.

For home insurance, I went with an average of $1200/annually, so $100/month4.

Property Required docs First lien only Appraisal and inspections must be ordered by WL 1) The contract, 2) Your scope of work – this will be used 1) by our certified appraiser to help determine the ARV and 2) it will be referred to whenever you submit a draw from your repair escrow. 3) An insurance policy on the property where Investmark Mortgage named as the beneficiary (let us know if you need any insurance broker referrals) scope of work (SOW) examples – Bids from your contractor might be adequate to serve as your SOW as well.