Also, do you normally get a policy that gets you full replacement cost or actual cash value?

Chicken and egg - They don't think they can find a replacement they like.

.- A lot can go wrong when your replacing electric, plumbing, drywall, HVAC, framing.

After the window replacement, some cosmetic work, leveling, and rewiring the house will be livable and ready to rent.My question is after I finish establishing the new LLC and have the property transferred to it, how do I apply for a line of credit to afford all the work to be done?

If you have a boiler definitely don't change it is easier and cheaper to replace with another gas boiler then convert to electric. 

Tenant shall be charged for all repairs or replacements caused by Tenant, pets, guests or licensees of Tenant, excluding ordinary wear and tear.

Then an unexpected HVAC replacement put me over budget What made you interested in investing in this type of deal?

If I have 12 feet of cast iron plumbing, would you replace it or line it?

They usually come in about half that as long as they don't need all the windows and exterior doors replaced, but they can cost that much, so use that in your negotiations, that way even if the seller concedes to cover half, you might still get it all paid for. 

We also addressed some of the major components including replacing the roof and upgrading the external tankless water heater.