There are very few banks out there that will allow a seller held second without you coming out of pocket or using some sort of collateral.  

I am also finding that there are all sorts of trash in the gutter in the street in front of the property.

Actually sounds kinda like some sort of fair housing violation 😬

If the policy limit you have selected does not meet the specified percentage, your claim payment will be reduced in proportion to the deficiency.

I recently made a post about my favorite house hacking strategy which is to find a house that has a basement entrance or one that has some sort of side or garage entrance that opens up to the basement stairs and turn that into a basement entrance.

Quote from @Taylor Witt:I have 8+ units that I would like to install plank flooring/vinyl of some sort when the units turn over tenants.

Joshua Tree is definitely interesting selection - probably destined to be a very volatile rollercoaster market - trends toward big overheats and then big crashes after over-builds, people that can time the bottoms over a long time frame can probably succeed very well

Some sort of management courses would also be useful RE is not only managing a physical property but tenants, handymen, skilled tradesmen, etc.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

That's gotta be some sort of protection.