I am not sure what the means for insurance payouts, replacement value and property value are VERY different - does anyone know?

I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

It's a different animal all together to try and manage an out of state investment property. 

@LaTonya Clark “One  can’t tell but I do know part of me is willing to take a chance”…You make it sound as if real estate investing is no different than gambling….

Its different with an airbnb as that is more like a hotel where the person has a different kind of agreement.

They must be very low odds because insurance companies are in the business of making money, not paying out maximums.Nathan-Every state has different laws believe it or not. 

Depending on how far values decline is the difference between a partial loss and total loss. in essence its the same position of those who make second loans behind the first or third position when pref goes in front of you..

You may want to research the tax differences between corporation and LLC for holding real property.California is generally more cumbersome than other states when it comes to taxes and filings.

I work with multiple different programs through our housing authority ("Section 8" and similar).