When running your numbers, if purchasing a home that isn't new construction and less than $1MM, I would estimate 1% - 1.2% of the purchase price as your annual insurance premium. 

I have recently started writing down addresses of run down or abandoned properties that I would like to purchase, but I only have the owner's name.

I live in San Diego and am trying to purchase my first investment property I have about 150K to put down but am struggling to find deals that meet my price point. 

Alot of unknowns as you don't have the ability to walk the property beforehand, but interesting process, and pretty good deals exist there.While the Trustee Sales are cash purchases, there are many hard money options that can turn over the funds in time for the 24 hour funding required to complete the purchase.If you are interested, let me know and I can go into more detail, as well as make some other suggestions for you to consider. 

I have met and spoke to several people that have joined Brads group and purchased and sold several deals because of it.

I look to achieve the 1% rule when purchasing although in the current market it’s not a guarantee of cash flow.

We also have a very strong rental market, and that too has high demand from investors wanting to purchase. 

Of course, every owner's situation is unique and factors like the legal entity involved, purchase date, adequate passive income that can be offset with the cost segregation study, etc., will need to be considered.

I sunk a large amount of capitol into these when I purchased them just to make sure they were nice. 

Is this purchase on the MLS or through a turnkey company?