I handle acquisitions for an investment firm here called Gendlin Homes.

Which leads to my second point: here is a recipe for crashing and burning that everyone should be familiar with because it happened repeatedly in '08-'10. 1) Buy houses with 15% down in neighborhoods that have a lot of competition for rentals and would face downward pressure on rents in a bad economy; 2) hire property managers for about 10% of the take because the houses are more than you can handle personally, 3) make sure the cash flow is below $400 a month, and preferably right around $0; 4) have few assets in the bank or liquid; 5) wait for an economic crisis.Point being, you can be on too fast a track such that when the music stops, you have no place to sit.

I'm not sure the best way to do this as our property manager handles that. 

Also if anyone has recommendations for an insurance agent please send them my way, I'd like to speak with someone that can explain to me how the situation would be handled if the property did get damaged beyond the 65% threshold.

Understand why the seller is selling, and make sure you can handle the challenges they couldn't.

How have some of the experienced people on the forum handled similar situation?

Hello investors,I'm getting started in wholesaling and I need to find a good title company that can handle contracts of assignment and double closes, I'm located in Los Angeles.Any recommendations? 

Always collect the money & never return it as some of them will still change their minds even though they've already put up the money.Non locking handles.

Jamie Mann with Windermere City Group handled both the buy and the sell .

Hey Jonathan the first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of these properties in Bridgeport.You can use the Bigger Pockets calculators to start.