@Harry Gamble The cost of insurance will vary greatly based on the individual property types, specifics, and locations.

hello BP familyMy name is Stefan Chirila and moved in California from Romania in 2011. happy to be here and finally taking  my first action and come on board.I am 32 years old, did sport at the highest level all my life, I am married and Civil Engineer, when I moved in US I started working as a labor for a small construction company(didn't have rights, and not shame about that), throughout time I learned the language and got my rights and equivalent my degrees and eventually started to work in construction management as an assistant Superintendent for a very big GC, everything is good happy with my job with my growth in US in a very short time, but always had in me the filling that I can do more then just working hard and make money for someone else, always dream about financial freedom, never actually took actions in that direction. 

I believe your point was more about if you are a W2 and expect retirement savings if you are lucky with your 401k to get you to where you want to be when you retire then yea, that is taking a gamble given the access to wealth building vehicles that are possible in today's world.

In Cali just renting can be a competitive sport.

Also having a few anchors in a city help for stability (e.g. capital cities, sports teams, highly reputable colleges / universities).Please add us to your buyers list. 

It's gamble that's worth it at the price they've bought it at.

So far my POL investment (Tinley Park Sports Complex) has been performing as expected, but soon after doing that one (and a fix-and-flip on PeerStreet), it became clear that I would need a *lot* of capital to effecitvely diversify away the risk of any non-performing loans (it's not apples-to-apples, but this analysis from LendingRobot on diversification needed for P2P notes is helpful.)

Welcom to Bigger Pockets and to the sport of real estate investing.  

Investing is not gambling.  

If you want someone to hang on to your info for future reference, give them something of value that has your info on it (bottle opener, magnetic sports calendar, pen, etc.).