We're seeing pricing vary drastically even just going 20 miles south of the city just because everyone is so "fat and happy" with work.

I'm thinking I can later cash-out refinance into a loan (possibly a VA loan) to finance another deal and wrap the new mortgage so as to keep the installment payments in place and avoid hitting my retiring family member with a big fat tax bill. 

The square is currently undergoing a massive (and well funded) revitalization effort, which I thought would be as good a place to hitch my wagon as any.

This coverage is not available through most insurance companies and is only available for certain types of properties (usually 1 - 4 unit properties that are in decent condition and not undergoing a "major" renovation).- The underwriting issues mentioned by Stasiu Geleszinski are also very important.

And it's fair, it's a very minute thing and a complete fat tails scenario.

My hope is that all the soccer moms (and dads) go out of business and I can get their 6 deals a year too.For everyone that goes out of business someone replaces them.. its takes a big fat economic recession to winnow the licensed agent pool. 

It's possible this may get improved as Cozy is undergoing some changes under the Apartments.com parent company. 

@Joe Alford Landlord wants the home free as he's giving it to his daughter who's now in law school, Ladera Heights is undergoing serious gentrification.

If it was ripped like the one in the pic, no wonder why it didn't taste tender enough - too much muscle and not enough fat. 

Many years ago, stock brokerage had fat commissions.