The cost of moving is around $1,000.

You still have the cost of lease renewals, but that's minimal when compared to the cost of turnover.  

I am taking a salesperson license exam this year to get into the industry and use these commissions toward closing costs.

-save $1k+ in taxes and fees yearly-can use the savings to get more insurance and a higher liability than the value of house. for flipping houses in California does anyone just put into sole proprietor own name and just use the $1k+ in savings for LLC costs into Insurance or use for savingor am I just being too risky. 

Very few non-owner occupied property policies guarantee full replacement cost - they typically provide replacement cost up to the dwelling limit purchased. 

.: Cost of risk scenario. 

Yep, off water, but with nearby water access and view seems to be the same ROI considering the cost of the property. 

Cash flow is usually strong because rent prices are decent, and the cost of the property is relatively low compared to places like California.

You should think through how much this will cost with architectural drawings, a good GC, etc.

A deal that’s “close” but not quite right can still cost you big.