Eitherway, in time after repairs are made and I recive a fair insurance payout I will reinvest but with a lot more 'micro managing' apps approach. 

If so, have them ask their provider if it will cover temporary housing while repairs are made.2.

Good Offer Price: Without knowing the current bleeding amount, it’s tough to give a precise number, but generally, aim for 70-80% of the after-repair value (ARV) minus the cost of repairs.

It is not uncommon for landlords to hope that the condition of their property is "good enough" when really things should be repaired or replaced.  

Also, consider factoring in a conservative appreciation rate and double-checking your repair estimates.Hope this helps!

You also want to subtract the repairs from the already discounted price. 

There are new laws affecting California transactions in 2024, some of which are very relevant to investors and house flippers.According to the California Association of Realtors, starting July 1, 2024 most 1-4 unit properties that are resold within 18 months (aka flips) must disclose:- repairs, renovations, room additions and structural modifications that were performed by a contractor with whom the seller entered into a contract- the name and any contact info for the contractor for any work over $500- any permits obtainedSo you still can be an HGTV star, just make sure you do it by the book. :)Have any of you flipping in the Los Angeles area been affected by these new disclosures?

Hey everyone,I’ve been working in real estate for a little bit now, and like many of you, I’ve found that two big challenges keep coming up:Finding distressed or off-market properties before they get picked up by others.The time-consuming process of property analysis—especially when trying to figure out ROI, ARV, or repair costs quickly.I’m curious how you all are dealing with these issues.

What plan does the buyer have in place for set backs such as real estate market down turn, major repairs etc.

You can always put in sweat equity to do repairs / renovations but you still have to pay for supplies and other associated bills.4.