We require title insurance, hazard insurance, 1st position lien, deed of trust, and obviously a Promissory Note.

I am looking for something that would rent easily and quickly and also mostly looking for appreciation since I know getting positive cash flow is next to impossible in the Bay Area market.

You're building equity and learning investing and saving $200 a month.2. 

The decision to insure needs to be weighed against the equity position you have in the property.

Most Coast agents are semi-retired/don't need the money type agents who will sell you what's on the MLS only, and there are no deals on the MLS.That being said, if you are interested in the long game on the Oregon Coast, the equity appreciation is hard to be.

Sure, building that equity via value-add is one measure but fact is getting a property where on can build a 30% equity position.

Could he enter into partnership with us forming a whole new company where he contributes the property as equity and then we refinance the property at the price we agree on and we use that money to pay him as a silent partner.

If you have rentals that have 200K+ in equity, you can put them in their own LLC's. 

Maybe I take out a full home equity loan and just buy another property to rent out/Airbnb.

The way that I did it was pulling the equity or doing multiple cash out refinances at the same time in 2021, which allowed me to accumulate almost 300K in cash.