Mystery and fear intermingle into the minds of investors when it comes to properties that are distressed.

California law requires abandoned tenant property under certain circumstances to be sold at public auction.

Have your agent start to look for properties that will do the 1031 now.

The IRS disaster assistance page and hotline are key resources for those seeking guidance.One significant benefit for those who have experienced property damage is the potential to claim a casualty loss deduction.

Collecting a refundable security deposit upfront is a good way to protect yourself from damages, too.If you haven’t already, setting up a website for your property is a good idea.

I'm a broker and property manager here in Huntsville.

Does anyone have any referrals for property managers in the Los Angeles area who specialize/ have experience in mid term rentals? 

I just had tenants move out of my investment property (duplex) without paying for the last month's rent, and the damage they inflicted onto the property exceeds their security deposit amount.

With comps ranging from $875K-$1M and your estimated build cost at $550K, the after-completion value gives you a significant equity cushion, making this project highly attractive to lenders.If you plan to hold and rent the property, you could refinance into a DSCR loan after construction, which bases lending on rental income rather than personal income.

So, make sure YOU understand the copy & paste info below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?