Any fire damage basically makes them a complete loss.The math then becomes what the cost will be to clean it up and whether replacing that space is worth it compared to other vacant spaces.

I love to complete unfinished projects How did you find this deal and how did you negotiate it?

With a conventional loan you have to get it in your personal name - some people later do a quit claim to their LLC.

Making my first claim now. 

I highly recommend (1) checking Google reviews and (2) asking for DATA to back advertised claims (ex: average turnaround time to close a work order, average tenant satisfaction score, etc.). 

Have the info on:    - any claims in the past 5 years    - when were the Roof, Electrical, Plumbing, & heat last updated    - what alarms/security    - who the prior coverage was for the past 5 yearsCA has become a difficult market for coverage lately so I would start the process early to make sure you are quoted in enough markets.

and only after you covered properly the "other" aspects of risk management (insurance, umbrella insurance, proper property management, etc.).Here are some visual diagrams to help you in your quest:Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for a complete asset protection OR the domains that need to be intersected to find asset protection

We then provide an application to be completed and signed by anyone 18 or over that will be occupying.

Once closing is complete, the title company will disperse the funds and you will receive your assignment fee.

Everyone,  let me make the reason for this post clear.A LOT of you all are getting fooled into believing that  to become successful you need to lie to sellers, , low-ball sellers, cold call people, DMM, people, and spend a fortune and a ton of effort into intrusive marketing, marketing to people that never asked and/or are completely not interested in your services.EVERYONE, and I do mean EVERYONE, pay close attentionThose who know me know I have a very loud voice advocating against those practices.