Define your minimum cash-flow to hold this property. 

Quote from @Jerry Zigounakis: This just in from proper insurance"Thank you for your interest in Proper Insurance® Due to strict brush/forest fire scrutiny, our program underwriters have declined your property coverage.

I can think of one instance where this was applied.  

I'm wondering if you can help advise on this situation.My mother currently resides in a property located in Los Angeles County.

However, after waiting and testing again, the backup reoccurred.At this point, the plumber snaked the line from the cleanout towards the city’s main sewer line.

I took on some debt to prep the property and hope to pay it off this summer—our peak season with lots of river and swimming traffic.It’s a 3-bedroom that currently sleeps 6 (king, queen, and a queen sofa bed).

Quote from @Brett Riemensnider: Wish I didn’t have to post this but I am torn on what to do.

This works with any type of appreciating property such as real estate, stocks, etcDepending on the appreciation rate, you can potentially see asset values double every 7-14 years.Likely around 7 years if the appreciation rate is 8%Likely around 14 years if the appreciation rate is 4%If you buy something for $100,000 and it appreciates to $200,000, you can potentially take a loan on the $100,000 appreciation which would not be considered a taxable event.However, be mindful that you are paying interest on the loan and you have to payback the loan but yes, it would not add on to your taxable income.

The information contained in this post is not to be relied upon.

Shane, happy to connect when your time allows this week