Purchase price: $223,500 Cash invested: $61,825 Sale price: $285,000 We purchased a 3 bedroom 2 bathroom Single Family home and barely broke even after the remodel.

So if your mortgage payment will be $4,000/mo, then yes you would need $24K in remaining verified assets (after closing funds, if any) to satisfy the reserve requirement.

After years of service, I'm diving into my second career focused on real estate investment, I have a particular interest in flips and short term rentals.I'm also a licensed real estate agent in Washington and have a strong drive to succeed in this field.

Keep in mind umbrella insurance only kicks in AFTER your main insurance runs out.

Are they going to send an email after it is approved?

That's what peaked my interest, but after researching them more, the cost is going to be over $40k just to learn how to do it through their company.  

Husband is willing to accept the $550K but IF it cannot be paid then a FORCED SALE OF THE HOME MUST HAPPEN.

After two weeks Airbnb suspended them and said I relisted units that were de activated and its against policy.

I think, in general, unless you're an extremely high W2 earner just looking to get into real estate for tax purposes, buying for cash flow gives you the durability to weather market fluctuations as you're never in a position where your back is against the wall and you need to sell... unless you have debt coming due.Now, that being said, if the true cash flow, after allocating for all expenses, vacancy, maintenance, capex, etc. is in the black, then I think taking a 5% CoC return in an appreciating market isn't a bad move, especially if there is a component of value-add. 

I hope there will be some changes after November but we will see.Even with all these speed bump I still want to invest in CA vs OOS.