California SB8 Regulation... Need Help!

[Matt Giacinto]

Hey BP Community, I'm a developer here in the Los Angeles area and we're trying to navigate the new regulations California has been implementing. One that has been giving us trouble is SB8. I'm looking to get help from anybody who's gone through the SB8 application process and knows what is needed to get approval. We are worried about making offers on some properties that have tenants in them, due to the new SB8 regulation. I'd love some clarification on what we can do new development wise if we were to buy a property, vacant or not, but it had tenants in the past 5 years. Thank you in advance.