FYI for an appraised $500k property, you'd be looking at an additional $10k in tax over and above normal property taxes. 

Additionally, what if I or a contractor had an accident and received bodily injury, would we be covered under the homeowners insurance policy?

@Dan Goodwin if your LLC will only be working on properties you own, not much of a need to buy a separate business policy for the LLC.If your LLC will be doing work/management for others, then you need to looking into additional insurance coverage.

I deal with more protection for my business since I'm a contractor but this seems a bit overkill.Carrier: ScottsdaleSix-Month Premium: $1179.5625% minimum earned premiumCoverages & Limits:Commercial Property: $125,000 Building Limit – Special Form excluding theft; $2,500 deductible; Replacement Cost Coverage; 80% CoinsuranceCommercial General Liability:$1,000,000 each occurrence; $2,000,000 aggregate limitProducts-Completed Operations Excluded; Designated Premises/Project Limitation included.Conditions: All subs must carry equal or greater limits of liability naming insured as Additional Insured, hold harmless contract in favor of insured, with Certificates of Insurance.Thank you in advance for your consideration.

He's refused to pay the $25 key replacement fee because he says the new keys don't work (we tested them, and because of whatever was done to the door, you really have to play with them to make them work).Anyway, it seems like they're not going to take the notice seriously and they are certainly not going to pay for the door (I was going to let them just replace the window section, but not now that there is additional damage).

I would budget additional capex repairs (5-8%).

Prior to this rule, if you had received a cash out loan you would not have been able to get a HELOC on your home.In order to convert your 50(a)6 loan into a 50(a)4 loan you would need to…Wait 12 months or longer from when you received your 50(a)6 loanRefinance your 50(a)6 loan into a 50(a)4 loanNot receive any funds when you refinance into the 50(a)4 loanSo while refinancing will be an additional cost you can now tap your equity in the form of a HELOC whereas before you could not.

I would have a $210 or $320 monthly payment in addition to the mortgage payment of around $500-$550?

I intend to rent for two years then rip that carpet our, change the counter tops etc and saleIn addition, I imagine I’m allowed to use a bridge type loan where I term out the original construction loan to , say 20 Years.

If your researching a new market what is a good way to get information on the area (Call PM - Ask them what 2/1 3/1 Rent For, Vacancies, Are fees based on Rent or Flat Fee, Etc).4.Reply below and I'll add it to my List, I meet with him next week so I'll give a run down on what we discuss and notes.Thanks,