Perhaps you have coverage for the replacement value BUT the insurance company when calculating the replacement property uses modern building materials like drywall but your original house had plaster which is much more expensive.

Projected expenses won't be enough.

Since part of your home is a rental, you can deduct a portion of expenses like mortgage interest, property taxes, and utilities.

People have been dropped by insurance companies in wildfire areas and had to scramble to try to find insurance - some using California Fair Plan. 

The transition of planning to executing has been a mess though.

With a fideicomiso, the gross income is taxed through a withholding tax whereas, with the corporation, the rate, you can deduct expenses but the taxation rate is higher.

- You can buy using FHA 203(k) loan which allows you to finance repairs into the purchase mortgage.If you find you like being a landlord, you can BRRRR a property every year.You can also start BRRRing rentals w/o planning to live in them.

Perhaps you start a side business or go all out on cutting expenses that are sacrificing things that you want.

I’ve learned that it is a very expensive ordeal but having a good lease helps remove the tenants faster.

Purchase price: $690,000 Cash invested: $172,500 Took a gamble on a larger single family home in an up and coming master planned community.