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

Also note that when you formed/purchased the LLC, you weren't married yet. 

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. 

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This sounds like a home run and a great first purchase!!

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.

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. 

Purchase price: $839,000 Cash invested: $83,900Bought an up/down duplex 4 blocks south of Sloan Lake.