I would guess that a 3% max annual raise is more realistic because the socialists are tightening their grip on California and pushing for harsh laws to take control of properties etc. 

Keep your head down and keep pushing.

If you have all your vendors ready to go ahead of time and ways for them to get into the home if the tenant isn’t there you should be ok. 

I always tell folks if you can find a deal that works for you now with rates where they are then if/when they drop you will be miles ahead.  

The only way I see mitigating these risks is getting the previous owner to waive redemption for $$, not a guarantee ahead of the auction.I did find a case here on BP where the HOA buyer got wiped out a month into the redemption period by the bank foreclosure! 

I appreciate your response and have a great week ahead!!

As such, planning ahead and working with a cost segregation firm that is highly experienced with 1031 exchanges is key.Definitely reach out to your CPA and/or certified cost segregation professional. 

The "other structures" were only 10K, while everybody else goes by 10% of the coverage (on 340K coverage of the main structure, you get 34K other structures).The ugly part - much higher deductibles: $5000 general deductible and 3% wind/hail deductible (on a 340K coverage it comes to a whopping $10K+ deductible...makes you understand their "largesse" on unnecessary higher coverage...if they know the rebuilding cost is 250K, they can give you 300K+ because they will not have to pay more than rebuilding cost, but it pushes the deductibles higher).We concluded:1.

I get that getting approval from the other residents can be a bit tricky, but it’s great that you’re thinking ahead about the shared spaces.

I have every empathy for folks who are hurting especially from instances that are from outside of their control, but filing bankruptcy to get out of debt that she chose to sign up for and promise to pay for the sole purpose of getting ahead faster (her story, not mine) seems less than ethical and Bigger Pockets promoting it is questionable.