After a seasoning period, including EOY tax forms, you may be able to help establish for the seller they are not responsible,  but the main message is-this is not a strategy for a vanilla listed Jack and Jill Homeowner that needs to buy again right away deal. 

I'm a homeowner in Osos and can tell you - it's been quite the contentious issue over here! 

Furthermore, the heat poses elevated wildfire risk, which could partly be why in two filings with the California State’s Department of Insurance on Thursday, State Farm disclosed it is seeking a 30% rate increase for homeowners, a 36% increase for condo owners and a 52% increase for renters.No matter what side of the political divide, in my near forty years on this planet I have personally noticed local and global warming.

Builders not building enough and older homeowners not selling means supply is constrained.

Mike,If you are not going to cover your belongings and the parts of the Building you ar responsible for, another avenue to try is to see if your Homeowners policy can add that location for Liability only.  

You will want curtains, appliances and furniture and petunias for the garden.So principal and interest will be about $1,331 property taxes vary depending on where you are but let’s say $115, home owner’s insurance $100, mortgage insurance $121 so you are paying about $1,665 per month, every month for 30 years.

If the damage was storm related homeowners insurance might be an option?

Not only that but you are going to carry a Heloc in a 2nd lien position and you will not be able to pull out more cash unless you do a cash out refinance to pay off the previous Heloc and take out more cash.85% of the home owners who take out a Heloc refinance in 3-5 years so it makes more sense to simply do a COR and avoid the future closing costs.

Even if you do everything by the book, chances are some home owners will eventually feel angry and resentful at you for taking their house from them and profiting from it, and all they have to do is file complaint with AG.

This extra payment deal is for consumer/homeowner that will spend all the money he has available on cigarettes, beer, etc. so he “fools” himself into “painlessly” saving money by building extra equity in his one big “investment”.A professional investor should NOT need to “fool” themselves into “forced” savings.