I encourage people to invest either where they live, or within an hour or so, because there are so, so many threads on BP from folks who bought a random OOS property just to "get a deal" and immediately regretted it.

The fnma guide is best reference there is handy chart in there https://selling-guide.fanniemae.com/sel/b3-3.1-08/rental-inc...

Hello Sir, when I get a wholesale deal that meets your budget will it be ok to contact you?

For flipping homes, you can do that in SoCal - IF you can find a deal which is very hard these days.

By that I mean issues arise that may not necessarily be your fault and when they do and a claim arises, the LLC not you personally will be listed as the defendant (unless you are dealing with a scummy attorney which is extremely rare regardless of what those using scare tactics to sell expensive asset protection systems may tell you).

@Itamar Halevi have you tried looking into an investor friendly agent to help guide you?

You might also ask the title agent you're dealing with if they would be willing to issue an endorsement to the policy changing the name of the Insured to your LLC and if so, what would it cost.

What made you interested in investing in this type of deal?

I am looking for any input on how to structure this deal and make both sides feel comfortable with the amounts.

👋I'm a dedicated buy-and-hold investor looking to expand my portfolio, and I'm eager to connect with lenders who are ready to dive into more deals with me.