Everybody is different, and there is no right or wrong answer - it's comfort level.Obviously, because of the field I'm in, I do see the value of having insurance, but oftentimes investors may not feel that way if they have thin margins on a property, and are faced paying a large chunk of their profits for an insurance policy; especially in areas that have higher property premiums due to natural catastrophes, i.e., Florida.The bottom line is whatever amount you are willing to lose dictates if you will get that policy or not.

None of this has come easily or naturally.

Since working with the investor my headaches have gone away, I get about $100 cash flow after I pay the monthly mortgage, and 10% fee to the investor, but that doesn't cover a big ticket disaster that is probably looming on the horizon.The market has heated up in Denver which is bleeding down to Castle Rock, Colorado Springs and Fountain. 

Ask someone for the repairs so you have reserves but you better be rock solid on your repair numbers.

That should also give me enough time to pay off a few grand of credit card debt and further educate myself on the nature of the business, thus further reducing the inherent risks in flipping.

And what would that mean for natural appreciation in the next few years?

If you are John, what's the latest you would expect the person to meet you given the general nature of "close to"?  

I have been actively acquiring Notes since that time.I like the the passive nature, the safety and the cash flow that I receive from Performing Mortgage Notes.

Presuming the last of the owners to die died intestate (no will) the preferred heirs to pursue would be offsprings as natural heirs under the laws of consanguinity for CO state. 

Also, stated that repairs that are continuous in nature will cause automatic eviction.