This is definitely time that I have to devote to the business.However, unlike J, I do not yet have dozens of businesses (yet) and I do not earn (I presume) well over $250 per hour on my time leveraging my businesses and other assets. 

If I'm understanding this correctly, you buy a distressed property on the cheap (presumably with cash), rehab it and average 50% increase in equity, rent it out, then do a cash-out refi.

Anyone that is "that successful" either doesn't need to the money, so wouldn't be raising a fund, or isn't that successful, so presumably is using investor money to fund the lifestyle.But at the end of the day, I am more in the camp of Chris: if it is too good to be true, it is almost certainly not true.

During this analysis, I presume you knew the current rents of the tenant and what your business plan required to support your purchase decision.

As you are based in Cali I presume you utilize a full-time property manager?

Thereafter, the Underwriters engaged the services of McLarens Global Claims Services to inspect and photo-document the property; the Adjuster presumably submitted an investigative report to McLarens (“Report”) which was presumably passed up the chain of command to someone in the Underwriter’s office.On or about May 1, 2014, I received a certified letter from McLarens stating that the Claim was denied by the Underwriters.

People presume you need to ALWAYS own your own home before investing in rentals.

And quiet enjoyment is presumed, normally, even if it's not in the lease.Sorry you're dealing with this.  

Presume she hasn't paid the September rent so evict her.

(IN Re Lawson, 48 BR 31, WDVA BANKRUPTCY)Second off; Here is a pretty boilerplate residential lease term that is used in Virginia which has provisions for 25% liquidated of collections costs for attorneys fees:https://livewithmsc.com/wp-content/uploads/2014/04...Third off; Here is a checklist for one of the larger jurisdictions in Virginia, Fairfax, which explicitly mentions the Court's consideration of the liquidated percentile fee in contracts; namely that absent contract terms, the presumed amount is 20%, but the Court favors the contract terms:http://www.fairfaxcounty.gov/courts/gdc/publicatio...Fourth off: Here is a lease agreement that actually allows for landlord to collect *all* fees related to breach. http://sacs.bridgewater.edu/files/common/Sample%20...Fifth off;Here is case law that explicitly says, for Virginia, reasonable analysis only happens absent contract terms.Mullins v.