These are very fast and uncertain times we live in .

I've raised rents 3% year over year while property taxes (one of my largest operating expenses) have dropped 4.5% due to the residual effect of the crisis.2015+ is where it gets a little more uncertain.

The other took a different approach and said to hire an attorney in the local county to get a temporary restraining order in place against the insurance requirement; then the lender would have to prove the basis of their highly unusual requirement. 

I have an unusual land listing in the Berkeley Hills that my client is considering selling at auction. 

I am going to buy a house and rent out the side apartment that me and my wife will live in , But besides that, uncertain if i should get into rentals which i don’t understand to much because I’m not sure how you make profitable money off that i guess it’s a long term thing .. or buying houses that are under market value and putting work into them for them to be sold.

Just the sleep dep talking I guess, combined with a rough year in landlording paradise with an unusual amount of churn as well as unexpected cap ex: a gnarly eviction, a tenant that OD'd in a unit, a hailstorm that trashed a $30k roof, another hail storm that did a lot of random damage with hail chunks a tenant described as being cauliflower head/cannonball sized which broke a solid oak deck handrail among many other things on the property, a sewer line that needed to be replaced which required jack hammering up the slab in a kitchen I had just finished fully remodeling, plus the new baby and the two other babies it's been quite a long year already so far.

She could end up losing big if anything is unusual. 

So to answer your question, with not ocean front, and a minimum of CoC of 20%, I would offer 125k with all those repairs and nowadays for contractors and rehab time costs, and uncertain times with ocean front competition, this is a NO deal for me.

@Nigel Prentice I would say a few for draws is unusual in lending.

It’s not unusual to go your first 3-6 months without getting paid.