Cons: Higher property insurance costs due to hurricane risk.

The screening they offer works well. 

I responded to her FSBO ad and made my offer which she happily accepted: a 36 month lease option; I'll bring her mortgage current, (1 month, $800), and continue making the monthly payments; option to purchase price of $88K, (my estimate of value, $100K); and I had the right to buy, sell, sublet, or assign the property at any time during the 36 months.

Here are the numbers, so you can see what I mean.The numbers are the following: 359,900.00 sales price (purchased Dec 2015) 89,975.00 down payment (25%) 10,000.00 closing cost (estimate - I don’t remember the exact figure) 7,000.00 required rehab (estimate - I don’t remember the exact figure) 106,975.00 Cash invested 3,900.00 Rental Income (actual figures) 150.00 Parking Income (actual figures) 4,050.00 Total Inflows (400.00) Utilities (250.00) repair budget (not an actual outflow, yet) (2,200.00) Mortgage (Includes insurance, taxes, and P&I) 1,200.00 Operating Inflows 14,400.00 Yearly inflow 13.46% ROI If I were to use the 50% rule I would have discarded the property. 

If you are willing to put down a larger down payment it might make sense with the flexible underwriting they offer, especially if you are going to run it as a MTR. 

We had a great speaker from one of my title companies talking about title insurance.

We welcome any suggestions or insights you may have Additionally, if anyone has information on the approximate cost of building a duplex and triplex in California, we would greatly appreciate your input.To provide context, neighboring properties in our area offer insights into the local housing market.

View of SF Bay2.40M (1st appraisal) 2.45M LIST (+400K) = 2.855M OFFER2.65M (2nd appraisal) 2.70M LIST (+400K) = 3.15M OFFER ??

You'll also receive a lower ranking on Airbnb and other listing sites because you don't offer an amenity that everyone else in the area has. 

I currently have an umbrella policy with Geico but they will only insure up to 5 homes.