As Alex mentioned (thanks Alex), I run the Santa Barbara meetup.

Also, coming from running a business just think of RE as a business (which it is), the numbers have to work and your investments need to fit into the big picture.

That’s the stuff people gloss over in spreadsheets but makes a real difference in how smoothly a project runs.

Have you run any numbers on your potential new build?

The list is pretty endless.Have you run into any of these issues?

Gita,At least the way I prefer to do things is to only run accrual based accounting activity on my day to day operations.

The contractors you run into inside & outside the store, will be hard workers.Good luck!

As I am new to this and looking for cashflow using rentals, one key aspect of this investment is to ensure that the unit rents out quickly and while I do understand that cash flow to begin with might not be attractive, it can be a good investment in the long run if the location is right(as appreciation also kicks in).

In California and Florida there are two State run plans of last resort (Cal Fair and Citizens respectively) for the otherwise uninsurable; properties that private companies have already deemed too risky and are effectively subsidized by taxpayers.

Congratulationswhat you’ve found that both the INVESTMENT side of real estate, and theBUSINESS side are very competitive; therefore profit margins are compressed, so those “home runs” people like to bragg about are actually quite rare.