First flip: insurance question

[Joshua Feit]

What's up BP!

My business partner and I are working on our first retail flip! We bought the property for $65K, it needs about $120K worth of work, and we hope to sell it for $240K.

My questions today:

1) What sort of insurance coverage do we need on the property itself while the project is running?

2) What coverage should we have on our partnership LLC?

3) Anything else we need to know about protecting our *donkeys* as we proceed?

Thanks for the help!