If there is a house with a detached ADU, if the main house was built prior to 1978, it is subject to rent control.A buyer can attempt the Ellis Act, which could take months (owner occupied loans generally require the borrower to move in within 60 days) and cost $20,000+.

Ensure your agreement has no pre-payment penalty.In my experience, private money loans (which is what this is, as also previously explained in prior responses) typically come at a higher rate ~ 8%-12%.  

I'm assuming you ran the numbers prior to making the purchase and over estimated the occupancy and rate per night, (along with costs).

Just do your due diligence on your area prior to buying.  

I placed new PEX plumbing prior to move-in.

It is much safer to assume the seller has been cutting back on expenses to boost NOI prior to the sale."

The homes are reasonably priced for the size and bones, allowing investors to customize homes with renovation or interior design prior to being able to attract guests at the right price.

Truth be told, your lender should have looked at the property up front to see that it is an illegal triplex zoned as a single family prior to you going under contract and told that you that it wouldn't qualify for conventional financing...

The best way to find investors for syndication you first have to determine if you will need 506b investors or 506c506b can be anyone you have an existing relationship family, friends , business partners or 506c are accredited investors only and don’t require a relationship You then should join local network group chamber of commerce Local real estate investor group BNIStart building relationships with people and educate them on your prospective or prior deals that you done.

Husband died without a will, had 3 kids from a prior marriage, wife thinks she owns the house 100% and will get 100% of the proceeds.