I was then quoted for about $60/mo but the problem is they only want to do their basic coverage which doesn't cover water damage.Any suggestion on what should I be getting as a coverage and why?

This money is going to go towards my down payment for my first property, I just have to wait for it.I am in contact with a real estate agent and a PM and am basically ready to go.

I'd suggest sending a follow up email (copy/paste to all 8) reminding them, and also send the application link and your basic criteria. 

You may want to work with a "Design-Build" firm which is basically a combination of architect/engineer and builder combined.

You basically assign your rights to somebody else (investor) and they perform on the contract you negotiated.

So that last 5' of width comes at a discount relative to the rest of the building....Just an FYI.

Basically if you cut all expenses as low as possible what do you need to live for the basics?

For the sake of keeping on point, this is an example of how to use a Monte Carlo simulation….not the ins and outs of my proforma calculationWith ModelRisk installed you get a new tool bar.Which has lots of great functionality that you can explore but here are the basics.4)You need to identify your output variable.

In short, you have to be able to execute an LNA that says you were the last party in possession, basically, you had the note and you lost it.

I would go for a 4 plex if you can afford the down payment. 1-4 is basically same the but just gives you more doors with a similar loan and small down payment.