Worth market a good rule of thumb for new investors I recommend annual landlord insurance at $1200 per year.

It also seems to imply that certain rules like setback are waived if they were not in compliance prior to the flood.  

Ethics and rules have to be respected. 

Hey @Juan Acevedo First off i do not confuse fact with opinion, If you have a good system and are good at your craft you can definatly make money in los angeles flipping and or wholesaling, never be afraid of competition you should embrace that and create a system to be part of that competition thats what makes this all so fun, not everyone can do it, me personally i love the La market as soon as i get a house completed i have multiple offers in the first couple weeks and i can care less about the competition, i focus on my structure that works for me, If you can make it in La you will find many other areas easy, I'm not far from you if you like you can come visit one of my flips and gain a little experience, i have a couple SFR's i purchased in the La area I'm almost complete with the rehab, good luck to you.

Thats another way to create cashflow

@Mark S. sounds like he's creating an excuse...you have done more than your due diligence as a landlord by sending 3 plumbers to investigate.

Attend real estate seminars, workshops, and networking events to expand your knowledge and connections in the industry.Set Goals and Create a Plan: Define your short-term and long-term goals as a real estate investor and create a plan to achieve them.

DO NOT let the applicants walk the property by themselves, especially if your existing tenant still has their belongings at the property (this could create some messy situations). 

I have made it a hard fast rule to never let anyone move in until the sec dep, pet dep, rent and utilities are turned on in their name.

Side note, I’m aware of the rules for IRS liens, e.g. they’re senior if recorded before foreclosing party and junior if recorded after, w/ 120 day redemption.Thanks in advance to anyone that responds