Not only are these extreme events leading to tragic loss, it's also causing sky-high insurance rates and even large insurers to pull out of some states (like in CA for fire insurance etc.).

If your never looking at the houses. then your just a lead source and your buyers cant rely on any of your numbers other than basic numbers pulled from data.. but real estate is local and who knows the condition of the property really, when you have not looked at it..

It sounds like you have a decent lead if it's been abandoned for a while and is in some level of disrepair.If you email me one of the owner names and the property address I don't mind pulling some reports for you.  

I had a gun pulled on me doing that, but we sorted it out before he pulled the trigger. ;-) 

If your SFR is in Santa Barbara proper (or anywhere in South Country, for that matter), you're probably pulling in $1,500 - $2,500 a month per bedroom.

However, we do plan to pull out the equity in the near future.

How have you pulled comps for the property?

I'm not sure what his cash investment was, but he built them himself so he's probably pulling a decent ROI like you and was pleased with their performance.Anecdotally, we saw a big, new cabin on Little Bear Rd up the road from there that was for sale. 

They have pulled back to servicing existing customers and only ones who have already been doing business loans and not just banking services.One of the bankers said they have no loans or properties for sale. 

If you are getting it financed, you could ask that the bank decide to pull out of financing it.