...and don't forget to collect a W9 right away and a copy of their insurance!

The contractor portion is solved by using contractors with the accreditation as a Certified 203k Contractor.

Not sure what you've experienced, but we've found many contractors at Home Depot. 

I’m under contract on my 1st property in CLE, the shaker heights area, which I’m very excited about BUT I’ve heard so many contractor horror stories.

Inland Marine (this is for tools and materials being transferred between sites.Also, always be sure to get the certificates of insurance with your LLC named as an Additional Insured.

Dont think of contractors as employees that are dedicated to only your job .

So if your replacement cost valuation on the policy is not high enough to actually rebuild the property (oftentimes this is the situation when contractors are charging premiums because they are so busy with other losses), and unless you are personally willing to pay the shortfall to rebuild the property, the insurer will only pay you the depreciated (ACV) for your loss.

He claimed that the reason it was so high is because the insurance industry doesn't have "mid-term" insurance, so they use short term insurance policies.

And most contractors, even the best ones, start to lose some steam at the tail end of the project (especially if you have already nearly paid them in full).Your best course of action is to do what you can to maintain a friendly and cordial relationship with the contractor.

Insurance costs are outrageous ATM. what size multifamily deals?