After contacting four insurance agents, I've been consistently told that I need to purchase two separate policies: one for standard coverage and another for liability.The only option presented to me is the California Fair Plan, which offers limited coverage.

Whether it's leveraging a 1031 exchange to defer capital gains taxes or exploring new investment opportunities in areas like Austin or the Phoenix area, there are plenty of options out there.If you're considering your next steps, I'd be happy to share some insights from what I've seen in these markets.

Section 721 of the Internal Revenue code allows an investor to exchange property held for investment or business purposes for shares in a Real Estate Investment Trust (REIT) or an Operating Partnership without triggering a taxable event.Many investors are aware of a 1031 Exchange where an investor must find a replacement property to defer capital gains taxes on the property that was sold.

Buyer is aware that seller intends to perform an IRS Section 1031 tax-deferred exchange .

PML @ 1% per month with all payments deferred until closing.

Hi Ari, You've presented many different options and ideas for possible ways to get started investing.

This means the IRA can own a leveraged real estate asset, and any income or gains from the property grow tax-deferred (or tax-free in a Roth IRA).

Avoid Capital Gains Tax LiabilitySelling your rental property to buy a more attractive one can help you defer capital gain taxes.

Also, you would most likely have to rehab the house in order to be presentable and list it to the market.If you pursue the wholesaling route, you could potentially wholesale the deal to a potentially investor, but they would typically negotiate and lower the selling price @Carlos Valencia @Albert Bui 

Here are a few considerations with respect to the 401k: 1) Although you can take funds with no penalty for first time home buyer, you can't return the money to the 401k. 401(k)'s have unique tax advantages that allow for tax-deferred, or in the case of Roth, Tax-Free growth.