I also feel confident with his staff, which is readily available and courteous.

Quote from @Mel Rosario: HiDoes anyone know which companies that are willing to insure multiplexes in California, particularly coastal Oceanside, CA? 

Hi Leo, its been years since I closed on a HUD property but you close on the property as soon as title is ready like any other property.  

I don't know that @Dave Foster earlier mention worked...I'll let him chime in as the expert, but you can 1031 for less it just results in 'boot' which is taxable.

After which they invested $190k for $10800/year return or 5.6% (not even discounting for the 2.5 years to recover the initial negative equity).  

That could be your PM company if you plan to hire one. 

Guessing you are in the apprenticeship program => which is not stable enough to offset the 4 months.DSR might work with 20-25% down. 

You have gotten so many great tips already.  

The way I interpret the following policy clause is that so long as the property is defined as other than "VACANT" which is the case when the property is being "constructed, altered or repaired", the 30-day time period and vacant status does not apply in this instance: We do not insure any loss at your premises if your dwelling has been vacant for more than 30 consecutive days immediately before the loss and the declaration page indicates an occupancy other than “VACANT“.

Thank you in advance for your help. 1.