This question is concerning getting general liability insurance for a general contractor license in CA.

As home prices increase, it seem investors are concerned about their ROI.

@Brad Hammond I guess my concern is more so, what are my chances of getting approved for the FHA loan if I already have a conventional loan in the same city?

My main concern is getting the problem fixed fast. - I allow PM to send community plumber to solve the problem, which he says was shotty work on the part of my plumber, and with the way that he explained it, I think he is correct. - PROBLEM SOLVED, well, temporarily.

As long as the investment portion of the new property equals or exceeds the value of what you would be able to defer all tax.The only concern is in your use of the word "hobby". 

If this is something that really concerns you, a second opinion from a structural engineer is always a good idea to just cover your bases.www.integriryknox.com

One of the biggest concerns I have for the town is the lack of industry and businesses that will compel people to move there.

This house is significantly cheaper than buying a duplex in the area so we aren't too concerned about paying the monthly bills.

@Ruslan Bachinsky Hi Ruslan - well I can't address all of your building questions/concerns I could maybe provide some advisement in terms of rental rates for the various units.

Finding your submarket for each property is probably more important than being concerned about the cap rate.