Original single story home, built 1953, has been totally remodeled with 3 bedrooms, 2 bathrooms, wood burning fireplace, covered rear patios & more.

My big picture plans are to start an LLC soon and to, eventually, be a full time investor. 

@Raheim Binnie we are in the city as investors, brokerage and rehabbing as contractors, We have you covered. lets connect and I'll get you hooked up.

to tag along this post insurance will not cover this type of damage as it was due to non/maintenance 

The properties are now at a higher value than I was buying them for, so when I went to the bank to get an 80% loan the property covered it I finance the property paid off the current owner who also was the current bank and I now own two more properties.After refi I even got some of my rehab cash back.

I'm going to be honest so I can paint the picture as to where I am as a new investor: I've marketed for buyers, practiced calculating ARV numbers so see how that works, and have searched for properties. 

I figure my credit card statement retains the transaction amount, so I figure that will cover me. 

I have a new tenant that sent me this picture stating the back door was leaking during a heavy rainfall.

If you do partnering, you do want to be covered with your LLC, separate from your partner.4.

Then I organized a little meetup where @Nick James came into the picture, bringing in his local experience having renovated a duplex in Oakland.