My insurance for a 15 unit apartment that I own in California went up from $3500/year to 10k to 12k/year.Are you guys seeing a big increase in California?

Fourth, we wouldn’t need to take on debt to make the purchase and we’re comfortable with the costs and management of the place given our history with it.If we buy out the relatives, we would likely pay around $295,000, which we have available now.

You would be exposed to doing work without a permit, the cost of the actual permit and, worst case, having to rip it all out and have a licensed plumber/electrician do it again.I've heard most municipalities around my area no longer charge the work without a permit fine.

When you have a loan on an RE, you have it leveraged meaning you “own” it without having “paid” the full cost.  

My 1st lead cost me $35.

As such, we opted for the deed in lieu strategy in order to minimize cost and uncertainty while speeding up the timeline.We began working with the borrower to negotiate terms of the deed in lieu.

PS - I'm looking at building one myself, so happy to let any of y'all use it (at no cost) if you would like to chat.

Even if you aren't ready to buy, it will give you so much insight as to what properties are in what areas, how much they cost, etc.I'm an agent here in Pittsburgh and I work strictly with investors.

Some may have to decrease a little on those double digit increases. 

Needing costly maintenance after dealing with break ins, in-consistent tenants, and no one wanting to manage your property.My team and I, have created a graded map on all major cities in Ohio.