We eliminated that problem.  

Here were the keys:  1) Got tenant to agree the damage was due to his negligence and he signed a statement to that effect.  2) Got him to sign a Promissory Note (found it online for Oklahoma and simply copied/pasted) saying he would pay the full balance due by minimum of $200 payment per month due same date as normal rent. 

The Personal Home market is in Turmoil and that my have had an effect on the market for Builders Risk policies.  

This is apparently a new rule taking effect Jan 1.

The lease will remain in effect with the remaining tenant.

And, depending on the effective tax rate of the investor, the after-tax return on cash flow is almost always to some degree even lower.The simple fact is that larger multi-family properties (apartment buildings), mixed-use properties and retail buildings sell/trade at capitalization rates that offer investors’ greater yield assuming sufficient capital is available for investment.

I have also shopped floors2yourhome.com which can be cost effective especially if you are ordering over 1000 sq feet I got some pretty nice vinyl plank from their clearance section a couple years ago for $1.22/ft including shipping.

This is why the mortgage contract needs to be reviewed by an attorney to protect the seller and you.https://apps.irs.gov/app/pickl...Personally if I was doing the deal, I would just pay cash for a $30K purchase to eliminate having to deal with a mortgage contract, the seller and a lien on the property.

We have learned that effectively nobody has permit for privacy walls and that several properties have other non-compliant alterations, yet they do not have any problem with the HOA.

Remote RE investing also eliminates opportunities such as house hacking and its various advantages.I recommend newbies start local regardless if they are in cheap, low appreciation, high initial cash flow market or if they are in expensive, high appreciation, poor initial cash flow market.The OP is a young, first time home buyer that will be living in San Diego.