I sold a flip last year October in North Miami off of 17th avenue by 95 in a TOUGH area and it went under contract for 320K within hours.2.

But maybe more importantly, cities do better to keep those low-wage workers living in their cities and working at the restaurants and pubs.

There's a huge % of our country which votes to give up more of their privacy and freedom every time they're given a ballot whether or not it's in their best interest because doing so typically has some "feel good" gift wrap so we find ourselves in a tough situation as social media/tech/business/finance/foreign interests collide under these conditions. 

Now, bringing it back to real estate investing, I've realized that although the people around me are hard workers, are good people, have high standards for their health, and have personalities that I love, they don't necessarily have the same type of goals for wealth and meaningful work that I value, meaning I've put myself in an environment where I'm working against the grain!

I assumed it sold and someone bought it, but it was pretty decent older bungalow home that needed some updating.Fast forward two+ years and I’m now looking to purchase a deal (albeit in a tough market) to either fix and flip or fix and rent pulling out some equity to rinse and repeat.

Expenses is the tough part.In my experience and with in our company we run every property at a 40% expense ratio as meaty all of our properties are with in a percent or 2 of this number expect our new builds which is lower. 

We registered our own HoldCo, not super tough to do online.

@Ryan RotzYeah, that's a tough one. 

Southern California is a tough market but when you push forward, you can get what you want.  

Joe,Generally the least expensive Umbrella policies are those from the carrier that writes your Business Liability, Workers Comp, and Business Auto.