Can anyone provide advice and steps to moving this forward?

The 50% rule states that approximately 50% of EGI will typically be consumed by operating expenses.While the 50% rule provides a quick estimate, actual expenses can vary widely depending on the property type, location, age, condition, tenant mix, and market conditions.Here's an example: if a property generates $200,000 in EGI per year, the 50% rule suggests $100,000 would go towards operating expenses like taxes, insurance, utilities, and property management.

Already started a couple brief discussions on it with some turnkey providers, but would like to get as much research done as possible to understand the markets there.

Hi Gabriel..I've been in and around loans since 2003..we work closely with our lending partner that actually can provide HELOC or fixed second loan using a variety of income including bank statements..I think you can go up to 80%-85% on a primary using bank statement on a second lien position.

The info I've found online on FIRPTA is a bit unclear, so I'm hoping someone here at BP will provide some clarity. 

It is important to make sure the lender will allow different insurance providers for flood.

Hello, Mark Svendsen, based on the information provided, here’s my analysis and some considerations regarding the trustee's decision and your options:1. 

we use property preservation companies and they charge anywhere from $20-$50/photo depending on quantity and location.also provide you with a report on the property as well. 

Shop Other Insurance ProvidersGet quotes from other homeowners insurance companies.Some insurers may be willing to provide coverage by having you repair/replace just the missing shingles rather than the full roof replacement.

There is an organization in LA that will help you navigate the permitting process and provide some advice/guidance *before* you go to the permit offices and let the cat out of the bag.