n my mind and inspection is for finding any current or potential problems with the house. 

Monthly payment $231.36.Zillow tells me that my PMI would be $237 if I put 5% down on this home (just an example).https://www.redfin.com/NJ/Bloomfield/34-N-End-Ter-...20% is $79,800 down payment5% is $20,000 down paymentNow, I'm trying to understand the pro's and cons of each approach.

@Edquan N.

I mean we lost about 20 thousand houses in Wild fires last 3 years.I say we because I was born and raised in Northern CA and Silverado Country club got hit and lived there for 10 years 30 to 40 of my fellow club members lost their homes these are all 2 to 8 million dollar homes.they are now left with lots that take thousands to clean as they are toxic hazards.. and what i see is many even though well insured and many had their homes paid for.. they are just taking the insurance money and put the lot up for sale.. so we made an offer on a few lots in the 500 to 600k range with the idea to build a 3k sq house that will sell for 1000 a foot. so 3 million.. over in Coffee Park in Santa Rosa were 6k houses burnt down.. same thing many are not rebuilding this is basic starter housing in N Ca at 650 to 850k.. so lots there are selling in the 150k range.. although we believe there is going to be a flood of lots since many are taking their money and moving on.. 

I have been lookinf in San Francisco as well with similar CAP and GRM. https://www.loopnet.com/Listing/61-N-Tremont-St-Tremonton-UT/14557687/

This agent seemed to understand where I was heading, said she had dealt with previous out of state investors and said that she and her husband were closing on several fix n' flip deals in the same market where I was looking. 

Thank you, @Roy N.!

Everyone n their brother says you make your money on the buy.     

I've actually quit my job as a teacher and I'm now doing some property management work with a company that does high-end short term rentals in Hollywood.

like N/A or crossing over themI am new at this as you can tell.