Hey @John Daniels,This sounds like a lot to take on for a first property.

Like you mentioned there's a lot to learn, but we're in the right place for sure.

They have no way to know who falls into the numerous positions protected by this law, and it would be too cumbersome to constantly update all of their addresses in the database even if they could track it. 

So if numerous large claims come into to the insurer (maybe a large natural disaster), they could not have the money to pay out and go out of business leaving you with no recourse. 

@Daniel T StockmanI bought a 3 unit apartment building with all my own money and had basically no reserves it took about everything I had to get in , it was in a big city in a dangerous part of town ,I had zero experience or any investor friends to guide me as I learned and there was a lot to learn !

Disposal fees have a lot to do with cost.

Additionally, there are generally numerous other costs associated with hard money loans such as origination points, appraisal fees, etc.Speaking with a number of lenders can give you a good idea of the liquidity they'll expect you to have for a certain loan amount, and most won't get too far into the loan application process if they know that you won't be able to support the loan request.Best,Michael

Now known as “Stay on Main,” the creepy downtown hotel reportedly served as a base of operations for serial killers Richard Ramirez (the infamous “Night Stalker”) and Jack Unterweger (murderer), and has been the site of multiple unsolved murders and numerous suicides.

There's a lot to learn here.

This is because 1) while San Diego has outstanding long term appreciation in the shorter term there have been numerous flat or down cycles 2) Selling costs will consume some of the profit.