On top of that you have lower taxes, insurance and a lack of HOA's.

All-In Costs & Profitability-ARV: $450K-Purchase Price (financed): $170K-Repairs: $150K-Holding Costs & Financing: ~$20K–$30K (insurance, taxes, utilities, interest, etc.)

But, insurance costs are likely to rise, making getting mortgages for most people even harder to get.What is likely to happen is more creative financing going forward, private lending to increase and smaller houses being built in the future. 

Foremost, Proper are 2 big ones.Don't skimp and get the place insured properly.

Look at how he stole his father's inheritance from his brother's kids and cut them off entirely (even their health insurance) when their son was suffering from epilepsy. 

Insurance was way more expensive this time—which I've heard is a nation-wide phenomenon—and it's the first time since the NAR settlement that we've purchased, so we had to cover part of our agent's compensation.

This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically.  2) You may get an insurance assessment bill to cover the CA Fair Plan losses.

Unfortunately, my work phone is forwarded to my cell phone as I mainly work from home due to health issues. 

I had too many rush loans come in during that week the insurance and appraisal came in."

Some people will say, "Take out a quality Insurance Policy and you will be protected."