I'm looking for a comprehensive list to check off to see actual expenses, especially for San Diego and California where earthquakes and fires can be an issue. 

The way that would settle 1 and 2 have coverage, three none.

So loan of 480,000.Mortgage payment of 2600k a month based on 30yr 5%Expenses of 1900 a monthTotal of 4500 per month. 54k per year.Based on an NOI of 71,986 it comes out to .0124 so 1.2% rightNot a good deal.And if I look at the debt coverage numbers they come out like this. 

The other thing that you should look at, is the coverage for the 3 family + garage the same if you insure it as the "other structure".  

But eventually, you want to start working with CPAs like @Brandon Hall that will not only help you file the tax return but also develop a comprehensive tax strategy so you save money. 

Hello,  I'm curious if it is worth it to also get comprehensive insurance on top of dwelling insurance & premise liability insurance for a property flip?

If you have problems locating coverage, PM me. 

I had about 80K of coverage on each house (Actual Value) and a $1MM liability policy.

This is the Homeowners Special Form Coverage, which is what pretty much anyone with a home has.

We did ask our insurance company about it, and they told us it could void the coverage if it started a fire.