What are the Contractors proposing as a fix?

If you are telling people you pay 10% interest and they are used to getting 3-5%, their mindset may instantly think your proposal is high risk.

Thanks Account Closed The only reference I can find in the legislation that excludes SB9 from being used due to tenant occupancy in the last 3 years is specifically associated to the alteration or demolition (anti-displacement measures) of the unit on the property.

Did you have the properties already identified along with specific returns etc. or did you propose a hypothetical deal structure and get his agreement first before finding specific properties that fit your investment criteria? 

There also might be more rebates for electric these days as part of the Inflation Reduction Act.https://www.rewiringamerica.org/press-release/doe-proposed-g...That being said, in my area, the gas utility will often run the line from the street to the meter on their dime as they want your business. 

Don't forget about other legislation on the November ballot that can really hinder your returns from rental properties.

. - $500 HOA fee monthly- $230,000 Sell price- The $75,000 spread is the owners equity that is proposed to be amortized over 2 years. $3100 mo- Assumable VA loan. - Market rents: $1900-$2100- Sell Comps: $230,000Situation: I don't have the cash to service the debt while repairs are being done. 

If you are paying attention to the waterfront, they have some projects going on and some others proposed in the area. 

What's even scarier is the same scenario I described gets the general contractor license that can complete a cosemtic rehab, the scope of work that @Anthony Theokary is proposing and a 50,000 SF ground up podium building with complicated storm water and utility connections.

I proposed fixing it up and then selling it on the market and the family agreed.