I assume a higher upfront cost as far as land purchase and the actual build but you would have a brand new house, instant equity and hopefully maintenance free for quite a while.

Quote from @Yaroslav Shtogun: Good morning,Some updates, we did home inspection and the house is not good condition since it was built in 1950 and was not maintained well.

Jumping deep into real estate investing and looking to connect with real player— investors, buyers, and deal-makers. Based in Santa Monica, focused on out-of-state markets with strong growth.

Not here for sales pit...

I just maybe have been lucky but the age does not scare me if the price is right and the inspection comes back clean. 

Hello Trying to get back on the real estate investing space and build new connections that can help me to speed up the process.

I also really like the idea of building a brand that you could sell.

I make sure there agent get's the inspection and quote reports with all this because this "mother fk's" them.

.- To utilize the Mills Act requires a few things: An application (not free), inspections, and most importantly a contract with the city in which you promise to rehab and maintain the historic nature of the property.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.

It sounds like @Ricardo Polanco is following the rules and just needs to let the OSE officers in for inspection.

Do you or most landlords comply with the city ordinance to get their properties inspected & registered by the city?