As for the LLC - do you recommend what kinda Insurances should I be taking ?

I would like to start flipping so I'm saving to get licensed and insured this way I can bid on bigger jobs.

I HAVE A HARD CHOICE TO MAKE,MOTHER IN LAW 'S HOME IS A REVERSE MORTGAGE HOME,BUT IN FORECLOSURE PROCESS FOR INSURANCE LAPSE AND UNPAID TAXES.

But life happens, and to be closer to family (and also minimize my commute to my day job in biotech) I think I am going to put my current house on the market and look for a multifamily property closer to Albany/Berkeley or on the peninsula.

Complexity being that my mom is retired and doesn't want ANY income for whatever financial planning reasons and she doesn't want to do the work, but she's liking the idea of keeping the wealth in the family and we've had a very good financial relationship for my entire adult life.

Our CPA said they would have to depreciate the amount invested over the life of the property... so it would be only about 5%.

The insurance estimates I got was $900 annual premium for each duplex (at $140K replaceing cost).

But I also know these are people who need a work/life balance.

Glad you are preparing for life after the NFL, as so many athletes do not do so.

If you want to market the certificate, then you market it as a tax certificate and see if anyone wants to buy it.If you got a deed then you need to know if it's insurable or not.