That behavior doesn't align with the "spirit" of the platform.

If your dwelling/landlord policy covers first party damages even when the damage occurs during renovation/construction, you probably don't need a separate builders' risk policy.The other component to consider is coverage for Loss of Rents, Loss of Business Income, and Soft Costs resulting from delays in construction that result from a covered loss.

But breaking it down into components like you mentioned makes it easier to get my arms around.

Hello @Pratik Patel,The key is not just the property type, but who is managing it.Both turnkey and new construction can be great options as long as you have a property management company whose goals align with yours.

They don't properly research & align:Neigborhood ClassProperty ClassTenant ClassPMC ClassContractor ClassSo, they often buy a Class C property, in a Class D Neighborhood, hire a Class B PMC to manage it, then have a Class A contractor do over-the-top renovations/repairs - and expect Class A results.When the Class of all these moving parts don't properly align, it is often a disaster.

If not, you might find another strategy that gets you there faster or with less risk.The “right” first deal is the one that aligns with both your financial objectives and your lifestyle.

Cash flow is critical - however should align with your overall investment goals and strategy..is it a property you intend to utilize personally or an area that you visit frequently?

The "rankings" don't even align with the revenue metrics they quote in the article, and they don't even attempt to discern actual profitability.

Some will rightly view as a negative, but I see value in some of the software options (like AppFolio & Buildium) that aren't a one-size-fits-all, but rather you can select key components you need at your current stage (and only pay for those) then augment the services as the need arises. 

@Shannon Woodward, both of these can be a good option for scaling your RE portfolio, but ultimately, what aligns best with your financial goals.