Your HOA will likely keep increasing and because of the excessive heat, roofs get replaced more than in other areas and if the HOA is not super liquid, that will come back to you in the form of an assessment.

A friend has a two-flat investment property, with both units currently rented out.

As a San Jose licensed property manager and investor, a 5% flat fee can be reasonable depending on the property. 

If there are excess losses, Citizens can surcharge all policyholders to help pay for the claims.If you have a long term rental, it is a viable and affordable option, but it should never be construed as the best option. 

with the market flat, contractors booked up, materials expensive and tremendous competition for deals it is very, very difficult for a new investor at this time.i've used hard money and also bought with cash and then financed the rehab.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

Complicated rooflines, modern details that require a bunch of steel framing, excessively large great rooms, spa-like bathrooms, etc would push you into the $1,000-2,000 range.  

It should say whether capital calls in excess of your capital commitment are voluntary or mandatory, and if they are mandatory, it should state what the penalties are for failing to fulfill it.

It varies from county to county on how they handle it and some give great exemptions or a flat reduction to value. 

I’d also ask how it’s structured - typically they are tiered (5/4/3/2/1) but I’ve seen some flat prepays as well, meaning the % of the penalty doesn’t decline during the prepay period.