Then you have companies that originate and having a loan go NP is a semi disaster :)  What I am seeing is some of the NPN folks have had to go into origination as the NPN space inventory shrunk a ton and or pricing was to high to make sense. 

Investing in real estate can be highly rewarding—but it also comes with risks.

  • High renovation costs.

Sometimes hard to find this happy medium in rate sheets, though.Another consideration would be taxes - points are typically treated as interest, so if your tax obligations are high this year vs being higher in the future, then this could also impact buying down now vs paying a little more in interest in future years. 

Sadly, this price-gouging behavior has become the unfortunate new norm in the insurance industry.There's a high likelihood you'll need a broker familiar with surplus lines.  3 weeks isn't much time - if you aren't working with someone already you need to get in touch with someone asap.

@Jay Hinrichs which BTW, 6% is high.

The rental market demand is still extremely high and there are a lot of value add opportunities, you just have to be willing to put in the work.

Highly recommend it!!

If not, it's highly recommended that you do.

Building on existing land helps eliminate the issue of land scarcity, which is a significant challenge due to California’s high real estate prices.