Keep in mind that your insurance premium will also most likely increase if you provide your insurance broker or carrier with updated loss runs that reflect this claim, so you'll want to include a further reduction to reflect that.5.

So a better metric IMO would be to weight the outcome with the % gain in value by the flip.

They are all farm workers, so the work is seasonal and I'm concerned with the drought we are facing now in California we will be seeing a slow down of farm development and thus a loss of farm worker jobs.

The way the income or loss generated from the property will be treated for income tax purposes depends on what you do for full-time work, how much money you make and other factors.

The 100k is based on the tax collectors @John @John Underwood yes, my wind policy does have rental loss coverage, but they immediately denied me because I had a roof exclusion due to it being a flat roof and the damage was mainly done by flood. 

And I believe their model enables most agents to have the benefits of owning their own brokerage without the risk or loss of their real estate sales business they’ve built over time. 

Your owners/landlord/dwelling fire policy should cover loss of rent that you can recover 

Would be interesting to hear from  a larger downtown apt mgr /owner to speak on their collection loss slow/no pay rate. 

I would only do that if you have a large amount of reserves, enough to cover this property for a few years and take the hit of any loss income (e.g. job) since the Fed is intent on creating a recession soon.Whether you intend to hold this property for a few years or forever, I wouldn't get the 20-year note.  

However it would be relatively easy for me to show a loss or breaking even on the property.