I finally ask for a supervisor, and told him I had a golden retriever, other than that no person lived at the house,,,he ask me if I knew "xxx xxx",,the niece, I said I knew who she was, but had never meet her.She still used my house as a residence, and her daughter had turned 16,,the insurance company thought I was simply not insuring her,,,we got it resolved, but he said if I hadn't been with them for many years, it could have caused me problems (they could have found a reason to not re-new my policy because they thought I was lying.

We are also considering flipping it to raise capital for our real-estate goals, but that seems kind of like killing the golden goose before it even has a chance to lay an egg.Anyway, my question is this.

A VOE ( verification of employment ) will prove this from you HR department and from there you should be golden.  

Well, if I EVER take ownership of that property down the road, then that deed more or less finally kicks in (as an example, I can deed you the Golden Gate Bridge, but you didn’t get anything because I don’t currently own that beautiful piece of living history.

Northeast of Los Angeles.My investment career wasn’t looking so hot.However, rattled as I was, I was an avid fan/reader of Warren Buffett (still am as a matter of fact).I was confident that times of panic were the best times to look for golden opportunities.Ok, I was fairly confident.If I would’ve been REALLY confident, I would have bought up everything I could get my hands on.Instead, I stayed the course and stood by my plan.I kept contributing to my IRA and 401k, and began looking for another property to purchase with the intent of living in it while stationed in the area and renting it out when I moved.Now, looking back, I realize that I made another rookie mistake.When searching for the property, I did not educate myself and become an expert in my new market.Granted, it’s a little more difficult for military members to accomplish this as we only get about 8 – 10 days to find a place to live.However, I could have started the process from Ohio.Anyways, for those that know the area, I found a foreclosure in a great neighborhood west of highway-14 in Lancaster, CA about 40 minutes for base.The previous owners had purchased the property at the peak of the market for ~$450k.It was now being listed at $195k.If I were in their shoes, I think I would have taken the hit too and walked.Well, probably not due to my security clearance, but I digress.

Owner occupy, manage it yourself, learn directly, etc. the Bay Area is location #1 for appreciation, so you have a golden opportunity to get into this prime market!  

And sometimes, even when the rule and letter of the law says otherwise, it's wise to follow the "golden rule" of do unto others as you would wish to be treated.

(Since I live by the golden rule I wouldn't want to pass on a problem to any buyer who didn't know what they were getting into.)

Especially if the house was built in the golden age of plaster walls & ceilings!!  

I know someone who was looking at making a duplex into a triplex in Golden and they wouldn't allow the 3rd range to be installed.