I dont currently have any projects going in CA at the moment but I have been looking for a Summer cabin up by Truckee and I suspect insurance will be an issue although I will pay cash but I will still want some coverage.

Feel free to reach out. 

Most lenders won't require an application fee and should be able to clearly lay out their financing costs, cash to close, and projected profitability for you.I hope this helps.

The cash flow from the properties I am looking @ are low..The buildings are all under performing on what they could potentially get for rent..I see a lot of room for growth and cash flow on these properties, especially with two major projects in the village getting ready to be completed -more jobs and more foot traffic to Main Street are on the way..Carbon copy of Hudson and early 2000’s... Advice, buying a building that wouldn’t maximize for 15 to 24 months ??

Even at $2200 I don't expect to get a positive cash flow for the first year, but that's okay as long as I rent it out and learn from my mistakes for my next investments.

I’m in the learning phase and saving up the cash for my 1st deal.

Hi @Matthew Mclean, feel free to reach out via email to any of the real estate-savvy CPAs here on BiggerPockets.

Also, just a thought, if you're ever considering expanding your search, Oklahoma is another great market for Section 8 rentals that can cash flow well.

The operating LLC doesn't own any asset, just liquid cash that is rental income from tenant and expenses against rental properties.

He has a free YouTube channel and a Facebook group as well.