They may have been able to process the claim under damage to property of others, which usually carries minimal limits.

Renovations almost always take longer than expected, even when surprises are minimal.

., net-7 on verified milestones) in exchange for pricing and priority.Test small jobs first; promote trades to your A-list only after on-time, on-budget performance twice.Standardize to reduce wasteCreate repeatable finish schedules (same trim profile, faucet line, paint palette) so crews work faster and leftovers are reusable.Pre-kit jobs: one delivery per room (box includes all hardware, fixtures, and consumables).Contracting disciplineUse fixed-scope, milestone-based contracts with:Progress draws tied to inspections/photosNo deposit or minimal mobilizationLien waivers at each drawDaily liquidated damages for missed deadlines (after grace period)Written change order policy with price + time impact before work proceeds2) Time: Move Faster to Reduce Carry and RiskFront-load planningWalk the property with all key trades before closing; finalize scope, bids, and schedule ahead of day 1.Pull permits early; choose scopes that avoid structural or major MEP reroutes when timelines matter.Sequencing & overlapSchedule parallel workstreams (e.g., exterior/landscaping while interior demo proceeds).Use a Gantt chart (even a simple spreadsheet) to track trade start/finish, dependencies, and buffers.Daily control15-minute stand-up with GC or project lead each morning (photos + punch list).Two inspections/week: one quality, one progress vs. schedule.Keep critical spares on hand (breakers, valves, GFCIs, common trim, extra boxes of flooring).Tech + templatesSimple tools (Google Drive + shared photo folders, or apps like Buildertrend/Jobber) for scope sheets, punch lists, and photo proof.Use QR codes in rooms linking to the finish schedule for fewer “what goes here?”

STRs in smaller markets are tricky — a couple soft months can kill your return.If it were me, I’d either:Negotiate harder on price (closer to payoff, not $240k),Or pivot this into a lease option or seller carry that minimizes your upfront cash and risk.You’re not crazy for exploring it — it’s just a thin deal unless the seller’s super flexible.

>Promises of “easy” or “fast” refund with minimal documentation.

Then wait to hear back.

Renovations almost always take longer than expected, even when surprises are minimal.

All this minimized the vacancy period, sometimes to a few days!

They have a one page lease that was month to month with minimal information on it.

Wholesaling requires minimal capital but the upside is limitless.