The policy was $2200/year ($1.1M Bldg coverage and $1M Business liability coverage in this apartment LLC) and I haven't had a single claim in my past 5 year history.

Hi everyone, I've been involved in investment real estate and am transitioning into raising capital for real estate funds.

Way to enter real estate investing.

Noone bring me any REALLY good deals for the next 1-15 days, or I am subject to counter claims...Real estate industry.... get your act together.

Based on what my real estate agent thinks that this quote will be, roughly, and the after repair value, it looks like I could buy this property in cash, spend a month or two fixing the damage, and then put a mortgage for roughly 1.6x what I paid for it and thus have a cash flowing property at a few hundred dollars per month and a little more money in my bank account ready for a down payment on the next deal.

I would love to hear from those who have actually invested in these areas vs. realtors/real estate agents.  

Just don't forget that this is a cashflow business more than an investment.

I know, I know...but there are many Real Estate Investor group pages.  

Probably this. california department of Real estate has already nailed two agents for raising rents above price gouging thresholds.. 10k fine plus who knows what kind of license discipline.

Was it real property or personal property?