My DIY yellow letter costs:Yellow Paper $0.02Envelope $0.10Ink $0.02Postage $0.28Total $0.43If I got cheap envelopes I could go even cheaper ($0.35) but I got nice blue invitation envelopes

However, if the flooding is once in a blue moon (or rare), then by all means address the issue and close on the deal with a $4K credit.Let me know if you want to know what suburb is projected to be bad in terms of flood insurance cost.

No CO unless you complete the rehab but well what is the incentive to complete the rehab if you can just move to the second floor and they are talking about blue acres. 

Only cost left is to get a new radiator installed below the window.Cost is as follows:-American Standard "Standard Collection" Pedestal sink (new from Craigslist) $80- Delta Faucet $120- toilet seat $6- Sherwin-Williams "Windy Blue" mistinted paint $5- Sherwin-Williams "Dover White" mistinted trim pain $10- MDF 1x4 trim boards $25The BeforeThe After

One of my real estate agents called me out of the blue one day and said she had a property I might be interested in buying.

Stairs from the courtyard lead to the rooftop ocean view deck.

These descriptions are adapted to neighborhoods as well: A is the hot area with huge rents and prices, B somewhere below that, C would perhaps be a solid blue-collar area (stable, a bit run down, but generally solid residents), D and below are places you want to avoid after dark.The grades are just short-hand to give everyone an idea of what to expect.

California the added risks would be dealing with the crazy landlord tenant laws might dissuade me a bit but renting property in those ultra Blue areas dissuades me and many others in general, lol.One time we had two tenants in a single family home.

I think I may see 4X in peak season (Leaf Season where I live in the Blue Ridge Mountains).After expenses, I think I'm still seeing 2X in my pocket over LTR, and I have had ZERO 'tenant' issues so far.I've bought another just up the road, and am in the middle of rehabbing that one, and am trying to get it finished in time for Leaf Season also.My personal plan at this point is to try to find more SFRs that look like they can/will cash flow anything positive in a LTR situation, as a fallback position. 

A lot of very intelligent investors will tell you to do so and I wholeheartedly would not blame you for taking their word over mine, however, the way I see it is let's say you buy a blue chip stock and it goes along its projected path...I don't see that as a good preparation to suddenly buying stock in riskier companies.