The premiums and deductibles are outrageous and if you’re flipping homes, you must buy a commercial policy (see the CEA website).I recently spoke with a representative at GeoVera, a company that provides earthquake insurance in a few states (including California), and she said that the policy would cover a vacant house as long as business is not actually conducted inside the residence.

All transactions are considered to be along the lines of meeting the fair market value requirements, if the deal doesn't you have other issues, like fraud, predatory transactions, tortuous conduct or they can be distressed sales which do not reflect prices in an open market and for whatever reason, the property will be viewed as being worth what the price agreed to for the sale.

When to conduct an on-site orientation (appliances, amenities, noise, parking etc) - now or right before they move-in?

Remember to conduct thorough market research and due diligence, but Milwaukee's affordability and rental income potential make it a compelling option for out-of-state investors like yourselves.

Two law firms that conduct a lot of the Texas tax sales are Linebarger Goggan Blair & Sampson, LLP and Perdue Brandon Fielder Collins & Mott LLP.

You don't want to disclose that you've conducted an extensive personal investigation into her situation, especially if you’ve gathered information not directly from the application process.

Relying on advice from Layman in the field seems like a very risky way to conduct business.

If you are a smaller check writer, it’s still important to conduct adequate diligence on the deal and the GP but there shouldn’t be any alarm signals going off solely related to the investment minimums. 

Passive investors will find these homes excellent because they are usually completely refurbished and managed by a turnkey supplier.Planning meticulously, knowing your investment objectives and risk tolerance, and conducting in-depth research are all essential for success in real estate investing, whether you're investing in California or out-of-state.

So, you need to conduct your due diligence not only on the physical property, but also the income and expenses.