CA SB9 Investment Question -

[Carl N.]

With the passage of SB9 I am curious about potential investment opportunities that may come with it. Would love people's input(especially any CA lawyers) on this hypothetical investment scenario. This would mainly be in a higher priced area(I live in the East Bay of Bay Area).

Find a partner willing to invest and to live in the house(one of the homes) purchased.

Find a home or lot for sale that is big enough to be subdivided while maintaining a good size lot on each parcel. 

Build additional homes on each lot until you reach the 4 unit maximum. This would either be building 3 or 4 new homes depending on whether buying a vacant lot or a lot with an existing home.

Question 1: What percentage would the person living there need to own of this project to qualify as the Owner? 

Question 2: Are you able to sell the home(s) built on the newly split other lot. If so what is the hold period if any? 

Question 3: It states that the local has the ability to block it but what is the likelihood based on what is written in the law.

I am sure that there are questions I forgot or didn't think to ask but would love feedback to vet the feasibility of this thought process.

The new law can be found here for reference.