Florida, California, Texas, and many other states are prone to such disasters.

I have access to all lender appraised values in CA so I only need the address.  

Also CA requires you to be licensed to originate DSCR and Hard Money Loans (I see on your bio you service CA), and there are many other states that are starting to follow pursuit.

@Tanner King learn how to work backwards on analyzing a deal, so you figure out the purchase price to offer to make your numbers work.Too many newbies think they have to offer asking price, which is not the case.

I assume something like this is more than you want to tackle for a 1st quadplex (https://www.realtor.com/realestateandhomes-detail/241-W-King...), but what about this SF for a BRRR (https://www.realtor.com/realestateandhomes-detail/2101-Arapa...)? 

@Philip Anderson I'd recommend checking out @Baird King's meetup in Santa Barbara and @Kevin Aranha's in Ventura. 

As a PM myself (in California) I take pride in my leasing contract and screening process because that removes so much headache in the future.

Currently live in California. 

The 1% deal was for vacant land in Rancho Cucamonga, California.

I can see in states like California, you would end up with a squatter tenant pretty easy, and then you're screwed?