Your background is super impressive...agent, investor, and architect...I'd love to connect to see how we might be able to work together!

Kevin,My advise is to seek out 2-3 independent Insurance agents (they represent multiple companies) that can write in CA. 

The first thing you will want to do is find and investor friendly agent.

Your home state may require you to pay a second state income tax on profits as well as the federal IRS bill.  

., if they're the selling agent or own the construction company, etc.)If all estimates go to plan, then the 55% net profit should provide an 18% annualized ROI for the $1M, but likely lower.

The 50% rule is a federal flood rule that originates in the Code of Federal Regulations and is administered by local governments.

Just listed it….we’ll see Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I would recommend finding an attorney over Anderson or Prime (have heard mixed reviews about them) if you decide you want to get an LLC.The reason for Wyoming is that you get a registered agent and a virtual business address for anonymity and no one can track you down (e.g. tenant trying to sue you, if you're at fault in a car accident and the other party is trying to sue you).

Lots of investor friendly wholesalers, lenders, title companies, agents etc.

We don't have wholesalers out here; no real investment focused real estate agents either.