But in a place like this part of CA were its reversed the land is worth 80% of the total value not 20% like most other areas of the country yet the bank requires insurance for the total amount of the loan even though the build cost to replace is far less..

If a customer says they want to buy the materials I immediately just walk away because it's not worth my time.

We had a couple "we buy ugly houses" type companies come in and offer less than even the lot itself is worth.

Is the extra headache really worth it? 

However, I do think the experience was great for what it was worth and for how long it lasted.

GRM and cap rate both looked great, but when we pulled utility records, we found heating costs in winter were brutal because of old, inefficient systems.

If you're expecting property owners to sell their home to you at a discount, you'll need to earn their trust - whether that be by demonstrating a successful track record with purchasing/selling similar deals OR by meeting them face to face and separating yourself from the dozens of local investors and realtors.Lastly, I'd recommend searching past posts related to this topic as well as checking out books related to your target investment strategies.All the best!

Working with a mortgage broker who specializes in investor programs can be helpful for better terms as conventional loan product lenders generally don't have the best DSCR terms.More info on DSCR loans: DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

Some insurance companies offer policies specifically designed for owner-occupied multifamily properties, so it’s worth asking about that option.The key is ensuring both your personal residence and the rental unit are adequately covered.

Seller understands the house must go in order for the land to be worth anything).