Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

Hey @Dina Schmid, so things are really in flux right now and I expect to see some better rates in a couple weeks.The best I have seen locally are from smaller lenders.

How would the timing of a sale effect a prospective asking price assuming the tenant would expect a rent increase under new ownership?

While the process took longer than expected (20 months), it's great that you still managed to turn a profit with a sale price of $209,000.You found the deal through a foreclosure auction, which can offer good opportunities but also comes with risks, like not knowing the full scope of the renovation needed upfront.

Both GC's stated this is worse case scenario and expect to be lower.

For example, requiring that the dogs be in a crate or expecting dogs to not be on the furniture. 

It is a risk that I didn’t expect.

Any expected delays getting in and out if it's still on?

All of us who have invested in real estate for decades like Jay and I have regretted investments here and there over the years.This investment didn't meet your expectations for a few reasons outside of the fact that it was a real estate investment. 

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.