If this were a 6 month project where you used hard money, in CA, where taxes and holding costs tend to be relatively low, you could have predicted nearly a $7k loss using a detailed cost estimate. 

Hope you will get good information related to Real Estate InvestmentsGood Luck!

-I've heard that the tax benefits make it worthwhile and that i can run a number of expenses related to my property through the LLC as tax deductions (phone bills, miles, etc).2.

I am relatively new to real estate investing, and I was looking to find like minded individuals in the Buffalo/Western New York area.  

And of course, the insurance company denied the claim because it was related to illegal activities.  

My wife and I have invested in relatively low end townhouses in MoCo, however we are finding it challenging to find multi-family in that area or any place close to DC within our price range/level of risk.Either we've felt uncomfortable with the expense of the multi-family properties or (perhaps incorrectly) equated the higher priced properties as a tradeoff of low cash flow and possibly higher appreciation (due to increasing rents) vs higher current cash flow and lower appreciation in the more remote areas.

Hope you will get good information related to Real Estate Investments.Good Luck!

I received a lead today from a motivated seller who is very interested in selling his property, however the property has been listed with a relator.

Finding trustworthy & decent people to deal with and relate to is the key.

Is that resident relations time?