Buy low sell high..

Your estimate seems low, but even at that cost, it will not add that value.  

CA taxes residents on worldwide income but may provide a credit for taxes paid to other states.

Create the payment that’s very low in comparison to what your keeper would bring in rent.  

They must be very low odds because insurance companies are in the business of making money, not paying out maximums.

At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

We also live in a reasonably low cost of living area compared to the rest of the nation where the home prices we are looking at for rentals are between $200K and $250K. 

I've been reading more about subject to and here's what I've learned:-Good for sellers who are off market-Have low to no equity-Have a mortgage with a low interest rate (less than 5%)-Be absentee or out of state (vacant property, or have a tenant)The buyer would then take over the mortgage payments, and have the seller sign the deed over to the buyer.

Plus with no state income tax, cheap insurance, and very low property taxes, I’m probably starting $20k ahead of most people, and that’s a tax free $20k.).

Really interested in investing in this market and would accept a relatively low return (or even a break even scenario because i believe in continued appreciation potential here).