bad idea #1Expecting relatives to hold up their end of a deal.bad idea #2Starting in a class c neighborhood bad idea #3long distance landlording without a professional that's three strikes.

So when the project/house hits you are ready to strike with escalators and appraisal gaps.  

One can only hope that patience pays off and we have the foresight to identify when those opportunities occur and strike when others are getting out of the market.

We are expecting some tightening in the market so strike while the iron is hot since we dont know what the rest of the year may bring in regards to rates and terms.

So California has a measure on the up coming ballet that likely strikes fear in every landlord and investor and it is Called Prop 10 (aka Rent Control).First I want it clear that I think any time "Government" interferes with the free market that bad things happen and most of the time the people that get hurt the most are the people the "Government" is looking to help.Second while I think Prop 10 is a horrible idea and I will vote NO, I fully expect it to pass as it is too sexy a story to say lets freeze rents, lets stick it to the landlords, etc.So if I think it is going to pass what am I doing to get ready for it and what do I expect to happen?

It was all BS as evidenced by the crime increases since he took over.It is very important that we as a group get behind a large effort to strike this bill down.

Unless you have a tenant strike and they all stop paying.

Another striking data point is the number of active listings which is up 499% from last year coming in at 7,167 active listings versus 1,240 active listings in February of 2022.

@John Darr is also correct that pricing is usually striking similar despite far higher coverage amounts usually associated with RCVFinally, before you decide ACV, ask your agent/carrier how they determine the depreciation rate--I have see that vary depending on carriers and in older properties, that can create an immensely different amount of coverage very easily.  

An extendable exclusive option to buy may work at the right strike price.