To say this community has no value is quite a negative judgment to make without sufficient information to make it. 

Does the California government believe that wholesaler activity around the fires would only produce a net-negative?

Deception and perception play a major negative role.

If you pay more, you won't meet your metrics and will probably have negative cashflow and/or equity.You may have to make 10, 20 or even 100 offers to get one accepted at the price that meets your numbers.This is what all investors did BEFORE the Great Real Estate Crash of 2008-2010.

I'm coming up on policy renewal and, unfortunately, Obie no longer has a realationship with that carrier so I'll be curious to see what they bring to the table as other options.Overall, nothing negative to say about them.

My comment is not intended to be negative or positive, only sharing my experience as an agent working with investors who use this system to make their offers in my area. 

Just remember: most negative reviews are written by problematic tenants.

Well even if the rent is equal to the mortgage, you'll still be in the negative after repairs, CapEx, vacancy, etc.Why would you specifically be thinking of investing at a negative cash flow?

Just remember: most negative reviews are written by problematic tenants.

Knob and tube has more negatives than most people think, As a GC doing lots of remodels in a old beach town, we replaced a ton of these.