Current owner has had no issues in the 6 years of ownership and no issues insuring.

They are friends in my church. 

Thanks in advance.

The labor and materials cost varies widely in different markets.

Any tips or suggestions I should keep in mind?

I live in SE Rural Iowa. 

I got un-renewed by my old ins and rejected by almost all ins companies (except for some crazy ones quoting me 10k/year) on my primary house, which is far from any fire zone but I had 2 claims on my 2 rentals (I am a small player so under my name not LLC) in the past 3 years so I got fked. 

I have a property in Kansas City that has been freshly renovated.

I wish the best for your in your endeavors, and perhaps we can be in touch. 

In 1971 mortgage interest rates were 7%, In 1975 mortgage interest rates were 9%, and in 1981 mortgage interest rates were 15% or more.