. - some strategies I've seen California investors use to lessen negative cash flow: house hacking, mid-term rentals (people temporarily displaced from home renovation or insurance reasons like fire), rent by the room, Short Term Rentals. - The ultimate house hack, live in the small ADU unit and rent out the two levels of the main house on AirBnb in San Francisco (I would have thought STRs are oversaturated in S.F. but it worked for them and they stay fully booked).

All of us consciously positioned ourselves here to find a stable community at an affordable price.  

Do you want to buy fixer uppers or more stable assets?

Title Co, PM, Contractors, process server, RE Atty, Handyman, Lenders, insurance etc.....We were also building a wholesale business at the time so visiting the market was essential.  

Do they have insurance and property tax reduction reports in their study?

.: You don't need insurance or a deposit.

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

That is just the loan payment and doesn't include your insurance and taxes like a typical mortgage payment does. 

Condo mortgage is $2100/month (with insurance, HOA fee) and the rent would probably be $2200/month.

A Illegal simply starts a business entity , gets an EIN and insurances .