But even if the numbers looked good going in and a black swan event happened, it would take a lot to lower the value of the house below your purchase price if you are doing value-add renovations.

Hello all,I am a real estate inspector who recently started investing in real estate.

In 2019, I utilized the BRRRR method to purchase a home, starting by **Buying** a distressed property at a low price.

The return is great but it’s hard with the lower price to find someone.  

As well as moving from higher cap ex exposure to lower cap ex exposure.Cash flow may go down but when the other components of the IRR go up ( appreciation, depreciation, and amortization of the loan) your IRR goes to the moon and more than offsets any drop in cash flowJust make sure you stress test and can withstand any drop in cash flow.

If not, or if this is a first time occurrence, I'd start with gathering any tangible proof that the damages are a result of the other landlord or tenant ie; video camera, pictures and suggest to the tenant that they seek a resolution based on the evidence.

Great place to start looking, even further north and north west along I-10, are still great locations for healthcare workers.

I'd actually started a conversation with him in this regard.  

.- Insurability & Operations costs: Can be considerably lower (especially in comparison to CA) with most coastal regions there is much lower wildfire risk and the properties that are in flood zones, have surprisingly accessible and affordable policy costs.

Start with the California Association of Realtors Residential Lease Agreement.