(Insurance, Loans, Zoning, STR, ADU's, ??

Just watch those holding costs—LA’s taxes and insurance can eat into margins if timelines slip.Biggest challenge from my experience?

Also, at this time I had seen properties selling for 10 – 20% over ask regularly.Interest Rate 30 year conventional 7%Homeowners Insurance = $1,000 annuallyRents = $1,800 per monthWhen I looked at those assumptions, I would need to put down $80,000 on this house to get it to hit my cashflow goal of $500 minimum per month which equates to 35% down.Total mortgage + escrow = $1,267.13 per month with rents at $1,800 my monthly cashflow is $532.87.From my experience, after taking out vacancy and maintenance costs you are left with around 73% of that total cashflow number once the rental is established.People have asked why a $500 per month cashflow goal.

Would appreciate the insure.  

I would say this, do you hire the cheapest contractor when you are doing a house because the pricey guys are charging too much?

Also, separate bank accounts from day one, get insurance (builder’s risk is a lifesaver), and don’t skimp on an attorney when setting up your partnership.

They can't even write commercial insurance for the most part.

Before doing that, get numbers from a few contractors first  

(state FL)Probably not the worst pricing.How do you find contractors?

They have trusted contractors.