You are investing a lot of money and don't want to end up with a lemon.

I’m planning on getting a Property Management company as I live out of State in CA.

Purchase price: $330,000 Cash invested: $20,000 Sale price: $399,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Tip Top Road, Mariposa, CA.

Although we do have CA Fair Plan fire insurance on it.Any guidance would be much appreciated.

Half of my California investor friends (who own 1 to 5 rental properties with equity from $1 to $5 million) don't have LLCs.

I agree with your premise, but I completely disagree with your examples, @Chris Seveney.Lately, there’s been an epidemic on this board of potential California lenders with amounts in the $100k ballpark who want to get into lending locally.

ATTENTION:  CALGARY AREA REAL ESTATE INVESTORSSome members were discussing a possible meet up in Calgary between October 21st and 28th -- the days I happen to be back up in Calgary from (sunny) California

I live between San Jose and Fremont, California.

But at least I brought in a partner for the flip who had done those locally, in CA, and was also a financial/accounting professional - experience and skills I lacked.

it was vicious.what I liked coming out of this was so many that were bought with cash those folks don't lose houses.. and if someone is buying in this model I personally feel they need at least 10 to 15k in reserves on a hand to sustain a bad tenant run. the negative cash flow folks were CA  NV  AZ FLA  ..