Even in your area, you may meet other out of state investors so you have more context for when you talk to the people who will make up your team there.

Really good wholesalers can offer buyers opportunities on terms as cash offers do not always solve the sellers problem.These are some things that make up a good wholesaler.

And yes, there is a risk that your rates would go up or they can drop you - but unfortunately, many insurers in that are may already be planning to exit the market or raise rates on everyone to make up for loses.One thing to note about a claim like this, insurance will usually pay for repairs to the damage caused by the problem, but not fixing the actual pipe that broke.

It could be a nice opportunity however I would be certain they will want you to make up the difference between $250,000 and whatever is left on the mortgage which btw in my opinion should be done with lender's knowledge and approval. 

Your going to the London School of Economics, your not some punk day dreaming from Mom's basement working PT at McD's who's best achievement was the dugout ya made in metals shop and got your first -B of your life wondering how to get Grant Cardone "rich" with you $85 of deployable savings...... 

If I was to trade a $300k house for a $310k house that will cost me $10k and $347/month what amount should I ask for to make up for these losses?

That way if it goes over budget, you can rent it out to make up the money.

Or would you just use the cash flow from your old unit to make up difference?

We told people that they should make up the minds quick with so many people interested.Afterwards we figured we maybe underpriced a bit but got it rented.

I actually aim for not having any one real estate investment make up more than 1% of my net worth.