Nothing in this section shall be deemed to affect the legal status of a secondary dwelling built with a lawfully issued permit if the property is subsequently transferred or sold, or if the one-family dwelling or secondary dwelling is subsequently rented or leased.https://library.municode.com/ca/san_jose/codes/code_of_ordinances?

Example - Property sold on 9/26/171601 W Sunnyside Dr UNIT 171,Phoenix, AZ 85029$58,000 sale price generates $900 of cash a monthWe have hundreds of these in Maryland too.

We actually sold one hat had been in the family for a long time due to the pathetic returns we were getting.

Live in the unit for 2 years (no capital gains if sold) and then repeat.

The city was sold out for days after legalization.

The PM company that initially managed them, also belonged to the seller and they do not wish to continue managing once sold.

It will rent for around $1300 and the sold comps in the area are around $160k.

What I didn't know: the properties that MI secures and rehab are sold within hours of listing as available.

The work to make sure their assumptions are correct goes beyond what we can do here on this post.The proforma is the most important tool that we have to assess any project.

After those are sold, I'll be moving onto build 5 more homes in the next 6 months.