Tried to go with Fire and Personal Liability (removing Wind and Hail) to reduce cost but haven't found any offerings.I wonder if other landlords/investors have some good strategies to tackle this challenging environment.

Probably not, be happy your water costs are actually lower than they used to be and use this as a win.If you want to prevent this in the future you can tackle this one of three ways, assuming they are allowed in your area (check before you do anything)1.

But if you MASTER one thing at a time and make that a HABIT then it will build confidence and momentum to tackle your next habit.Thanks for taking the time to read guys!

I have contemplated doing a conversion like that with existing warehouse or office space but I am extremely new to commercial real estate investing and I think that is beyond what I'd like to tackle in the beginning.

If you were well networked, and could get a great deal on a fixer and then tackle the rehab, that might work, but much of L.A., Orange, and SD counties definitely have price to rent ratios that are not favorable for cashflow.

This is usually what gets me excited again and ready to tackle the issues head first and get back on track.

I'd love to hear how you're tackling this detail! 

We gather all documentation into a Google Drive folder for potential buyers, including:Renovation details (brochures, warranty cards)Pre-listing inspection reportPre-listing appraisalWell system documentationSeptic system documentationSharing this folder with agents and on the MLS helps create transparency, leading to bidding wars and waived inspections, often resulting in offers over the list price and fewer repair concessions.By identifying properties that fit the rural buy box for entry-level to mid-priced buyers and tackling major expense items upfront, we remove risk from the transaction.

Your free cashflow jumps up once you have eliminated one, gives you more $ to tackle the next one.

With this support system in place, you'll be well-positioned to tackle a flip down the line.