Since I've been told the insurance market is really tough right now in California with most of the big companies (Nationwide, Allstate, State Farm)  not writing new policies to new customers, I'm trying to do a change of broker to a different Safeco agent.

We have access to capital to build the unit, but with the market slowing down, there is a possibility that we could 1031 exchange into an apartment.

I’m currently reading books, learning about markets, and gaining a great deal of knowledge in the property investment “game”.

We have been researching our market and are very ready to buy an investment property.

I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.

I think it's a great market to enter with so many catalysts for growth! 

It also means it is more market dependent.

They have a HELOC of ~$60kNumbers:Comps suggest ~$199.5/sqft (max 2,020 sqft)Estimated ARV: $335k (based on comps)Potential rent: $1,975-$2,000/monthQuestion: Do these numbers seem reasonable for the Braselton market?

I wouldn’t necessarily call it a hidden gem but it is a great market still. 

Hey Shai, we have an office in South Jersey and 4 rentals in the area, so we know the market for sure!