Also, I am considering alternative financing options (beyond Hard Money).

Hi hive,I am new to investing and trying to learn from the different options out there.

OC California is very expensive so investing out of state can be a good option.

Buyer go to open house directly.We have this option in Minnesota now, and it looks like in 10 other states that I am aware of (California, Texas, Florida, Virginia, mostly the big population states).

I then had my mentor who was also a hard money lender purchase the house and sell it to me on a lease option.

Until we can actually close probably would be early next week earliest. 

Don't be so quick to indebt your paid off townhome until your learn creative financing and review all your options.

@Brittney YangFor the actual legal document, get an attorney.

If you don't actually replace the damaged property, the insurer will normally only pay you the "actual cash value," i.e., the depreciated value of the property.

The cleaner will actually do all the shopping for the rental among other small misc things.