In addition to what Ned mentioned, you will also have advertising, entity maintenance, legal fees, evictions, court costs, periods of high vacancy, damage done by tenants (in excess of the security deposit), lawsuits, utilities (at least during vacancies), etc, etc, etc.

There is another California law that applies to any company that offers advice or assistance to consumers in credit related transactions – called CSO’s – for unsecured or secured loans.

Has anyone secured equity from a hedge fund?

For example, significant damage done by tenants in excess of the security deposit (often thousands of dollars), is an expense that may only occur once in a many years.

I'm very secure knowing that my house won't be losing value any time soon.As an aside, I will note that the few RE investments I have made are not out here and I would never buy a rental out here - there's absolutely no way to cash flow it.

Or, some sort of personal loan or a loan secured by some other collateral. 10% would be very good on a fix and flip loan based on ARV.

Hopefully a quick judgement from a Texas court and a lien on the property to secure the judgement might be the best way to see my deposit again from these guys.

Security.No one yet has mentioned the problems with ensuring one's own personal security on an island.

I try to strike a balance between security and practicality.Good Luck,Mike

In Colorado, its handled by the "public trustee", who is a county official.