You walk away slightly ahead with the rents collected, 2nd lender loses at least $50k of his $95k in selling costs, and other expenses.

I am in the process of screening a potential tenant, he told me he had a felony from 15 years, he offered to explain but I didn't wanna push unless necessary. 

I would say this to make sure you are planning your financials ahead of time to keep your options open and help you be more flexible when working on deals.

To understand how they pushed their numbers so much into their favor, we have to actually look at their numbers.

Whether connecting you with an STR-specific CPA or guiding you through the process of trying to self-manage an Airbnb/VRBO, Host Del Casa is here to help you achieve your goals and navigate the road ahead.

In retrospect I would have spelled out the construction process more clearly in writing ahead of time.In your case the existing tenant is getting no new value so there is nothing for them to gain with this project.

If they give you push back, tell them if they are not ok with you doing work inside while they occupy the space then you won't be moving forward with the work as you are not obligated to complete cosmetic upgrades.

Along with the tax advantages it has worked out well so far.We may be moving to San Diego next so I am excited to see what opportunities are ahead.

Just a heads up, a lot of the down payment assistance programs come with higher interest rates and other hooks.

I totally get wanting local insights in the Sacramento area; it can really help.With your hands-on experience in flips and rentals, you’re already ahead.