A great CPA who specializes in STRs can confirm this and help you stay compliant.About That CPA…Honestly, I’d recommend finding a new one.

She missed other emails from the insurance provider confirming the policy did in fact cover all hazards.

Also keep reserves beyond your 30k for unexpected issues.

At least you confirm the people are real. 

As for the lack of burnable material in the Palisades and other areas now, insurers will want to rebuild reserves and augment reserves for the next time, not to mention not exposing themselves to risk on this scale again.what I see happening is that the government will simply cut the Gordian Knot by using eminent domain to seize properties and redesign/rezone the whole area so that it's more defensible against natural- and human-caused catastrophe.

I want to be straight with you - trying to invest with absolutely no cash reserves is really risky.

Even OO with closing and reserves it will not go far.

Lenders are always doing this and are doing it a lot right now as lending tightens and reserves are being bolstered for what many think is going to be a real estate recession. 

Confirm with the solar company if the loan is transferable and review terms carefully—it’s a potential hurdle with lenders or resale.A DSCR (Debt Service Coverage Ratio) loan might be an option since you’re focused on rental income.

I am only in two syndications and my GP just refinanced us and got 5.7 I think plus 3 mil cash out that is going into further reserves..