I was confused as why he decided the last day he had to stay , he was mostly moved out , then he got very emotional but didn't offer any specific details.. so he paid that day in cash with slight increase of rent and had him sign a 1 year lease.

Any help or guidance is much appreciated.San Pedro is a rent control area and you can confirm your property falls within this on ZIMAS for your property

They come to realize  fractional ownership in a semi-active project with far less control is not as advantageous and eliminates the ability to build the more personal and meaningful relationships with lenders that comes with going through the more natural progression of growing a portfolio and business. 

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Hello everyone,I am buying an RSO-controlled property in Los Feliz and will be performing a no-fault eviction so I can move in as my primary residence.The property is currently a duplex, with a 2 bed 1 bath on the top and a 5 bed 3 bath on the bottom.

Work with what you can control and let go of arbitrary rules. 

(vii) would seem to indicate that you'd be acting as an unlicensed broker.(1) "Broker":(A) means a person who, in exchange for a commission or other valuable consideration or with the expectation of receiving a commission or other valuable consideration, performs for another person one of the following acts:(i) sells, exchanges, purchases, or leases real estate;(ii) offers to sell, exchange, purchase, or lease real estate;(iii) negotiates or attempts to negotiate the listing, sale, exchange, purchase, or lease of real estate;(iv) lists or offers, attempts, or agrees to list real estate for sale, lease, or exchange;(v) auctions or offers, attempts, or agrees to auction real estate;(vi) deals in options on real estate, including a lease to purchase or buying, selling, or offering to buy or sell options on real estate;(vii) aids or offers or attempts to aid in locating or obtaining real estate for purchase or lease;(viii) procures or assists in procuring a prospect to effect the sale, exchange, or lease of real estate;(ix) procures or assists in procuring property to effect the sale, exchange, or lease of real estate;(x) controls the acceptance or deposit of rent from a resident of a single-family residential real property unit;(xi) provides a written analysis, opinion, or conclusion relating to the estimated price of real property if the analysis, opinion, or conclusion:(a) is not referred to as an appraisal;(b) is provided in the ordinary course of the person's business; and(c) is related to the actual or potential management, acquisition, disposition, or encumbrance of an interest in real property; or(xii) advises or offers advice to an owner of real estate concerning the negotiation or completion of a short sale; and

@Yaumari Gonzalez your #1 challenge will be retraining your brain on how to make offers on rentals.Owner-occupied transactions are mostly EMOTIONAL based transactions.Investment property transactions should only be BUSINESS transactions - no emotions!

I do know there is no point worrying about something that is out of our control other than making sure you aren't over extended and if you have places you are thinking if selling in the next year or two-try to keep an eye out.I've leased cars where after 3 years it had lost almost 50% of it's new price.

One of the hardest part of the MTR strategy is dealing with the emotional roller coaster that exists when a listing is about to open up again.