Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

I've been wholesaling for over 8 years and I promise you, there is more knowledge to be gained by getting started and learning from real world, hands on experience than from paying $2,000 - $15,000 to some guru from Youtube.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Expect to pay north of 8.5% on the rate and to be capped at 70 or 75% CLTV. 

I’d probably try to pay asap before late fees pile up and they foreclose on the property.

I pay all utilities and are reimbursed each month.House is completely paid off!

It has a sunset clause maximum of 5 years with no penalty to pay it off early.

It has a sunset clause maximum of 5 years with no penalty to pay it off early.

If a buyer is short on cash to close but meets all of the other requirements, a seller can contribute a % of the purchase price toward paying these costs for the buyer in order to make the deal go through.

The rate difference between FHA and Conventional is actually over 1% right now for Multi family propertiesCurrently the rate offered is 6.75% and 193/m in PMI (private mortgage insurance)That makes the payment with taxes and insurance roughly:$3453/monthTaxes were $3820, and insurance is $1800/yrCurrently this building can rent each 2 bed unit for up to $1800/m with tenants paying all utilities.All in cost to close is: $71,414.64If you rent both units for $1800/m you can expect gross cash flow of $147/mThis is the reality of buying a turn key duplex in the area using todays rates and prices.I want to stress, that this is actually considered a great property and deal in todays market for the areaYes, prices are high, and so area rates...My goal is to show what is actually going on.