This is an expensive property to maintain as it has a pool and three large oak trees.

The property has good amenities- 2 pools, tennis courts, boat slips on the bay side, excercise room, etc.

Lenders construct these schedules based on the average expected duration (or average life) of large pools of similar mortgages.

I do a lot of flips in Northern California, some rentals in Southern California, a few wholesales here and there, and just got into buying and selling bulk NPN pools.

Sometimes I check abandoned and distressed house prices on Zillow and see that they are sometimes in the same ball park price wise as many other sold and non for sale homes with the same criteria as them.

They wrote a "fire policy" from the state operated pool instead.

Rents are still pretty good (also 1300 to 1400) but tenant pool is still average.

Had one odd ball last year that lasted 45 days on market, but generally under 30 days til I accept an offer.

I would like to form a network of individuals that have some cash to fund hard money loans and try and pool our resources. 

However, what I would like to do is tap into a pool of RE deals and lock some in via options and then market to buyers.