Not enough information here to answer this question accurately.Is the home a total loss? 

& @Jay HinrichsGreat information guys.

Our lender has informed us that we need 12 months of rental history to use the actual rent for financing purposes, or we must rely on the appraiser's fair market short term rental value.

Two things I remember that probably don't happen today: -First property was a no-doc loan, technically low doc because you still had to provide information but with 30%+ down pretty much anything you wanted was yours.

The numbers may not be that favorable in LA for this, I don't have enough information. 

I'm based in WI and there are several people from NY investing here, some successful and some not---the common thread I see from the ones that are not is that they relied on someone else for information instead of investigating, VERIFYING and doing their own due diligence. 

Welcome to the community and be ready for a huge amount of information at your finger tips.

Delevan is a market where you will have to look at surrounding markets like Janesville, Elkhorn, and Darien to get your comps and rent information. 

The most information in this thread is not accurate.

Hi Mike,First, I want to emphasize that my intention was never to provide misleading information.