Furthermore, you want to know whether the state recognizes bonus depreciationSince you are a resident of California, you want to understand how having an LLC subjects you to the $800 annual Fee.Best of luck to you in your search.

Land size definitely affects value, but the impact depends on how that extra land is actually used or perceived by buyers in your specific market.If the larger lots around your subject property mainly offer more open space but don’t add much in terms of usable area like room for another structure, pool, or subdivision potential then the price difference might be minimal.

Buying an "Off Market" property with "Subject To" and "Wraps" & Selling "Lease / Option"When buying a property to cash flow, you need to know what your expenses are.

If the HOA was prudent in hiring this vendor, the HOA should have collected an insurance certificate and CGL endorsement listing the HOA as additional insured and the service contract should contain an indemnification provision in the contract that should cover HOA members property.

Of course by then I or someone else not living in outer space has already purchased, repositioned and resold the subject property.

You can get fix and flip financing to cover 90-100% of the acquisition and 100% of the rehab costs.

@Aswin SinghSince you will be living in the duplex, you will want to get a homeowners policy, which will cover both the building, as well as your contents.  

I don't plan on purchasing a property that I can't comfortably cover the expense on while it's vacant either.

It is all negotiable, and subject to your states laws.

So I will need at least 1 month-s rent to cover it.