Property owners get an annual update on their SEV & Taxable Values with their city property tax bill, typically sent in December.So now, the city assessor tracks the SEV, but homeowners are taxed based upon the capped Taxable Value.

For property owners in this area, what have you seen in terms of supply and demand. 

You absolutely need 1099s for them.What about owner-financed interest?

If it is less than 30 days, the owner can kick someone out for failing to pay or obey the rules.

California's SB 721, known as the Balcony Inspection Law, requires multifamily property owners to inspect exterior elevated elements (EEEs) like balconies and decks.

I got the numbers from the previous owner who has been running it as an Airbnb.  

I got a hold of the owner by looking up his information on the county website.

I'm just not the builder on this one since the lender wouldn't finance for owner/builder. 

so those owners are pretty comfortable - no mortgage payment - and they don't need to sell, and they don't care where an investor "needs" the price to be to make money. 

Live in one unit - It's a great strategy when using a bank for financing as the down payment and interest rates are more favorable to owner occupants.