Dwelling Fire Policies usually come in a range from Fire (least) - Fire, Extended coverage & Vandalism and Malicious Mischief (good) - Special Perils (best coverage). 

BP taught me to get a good team together and work with them to extend my reach.

Construction costs are way up right now, and I would bank on $250/sf as well as an extended schedule. many contractors aren't taking such small projects on right now. 

But since the auction adds 10 or 15 min whenever someone makes a last minute bid, it kept getting extended until it finished almost 2.5 hours later.

What ways are there to get another property without over extending myself in the banks eyes and how to achieve a 2nd mortgage. 

The projects shouldn't go on for more than a year (6 months) and after the 6 months the contractor needs to hand something in explaining or asking for an extended period of time.The biggest issue with this (as with all businesses) is that there are too many people involved.  

We have had extended vacancies on good homes in these area as we have declined as many as 7 or 8 prospective tenants before finding a decent one. 

Rent rates and purchase price can be adjusted if the option is renewed/extended at that time.

Second:Per IRS:"If you are a member of the Uniformed Services or the Foreign Service, or an employee of the intelligence community in the Unites States, you may choose to suspend the 5-year test period for ownership and use if you are on qualified official extended duty.

It is your choice whether to extend an offer on a new lease.