I was a lender/banker that, after a long career on consumer mortgage and then commercial banking/lending, went to work for a community bank in Florida that was operating under a "memorandum of understanding" with regulators.

Thank you in advanceI started my career in RE, by working for an investor that was looking for a specific type of property.

Could you guide me on how to transition my career, the necessary documents I need to bring from the Philippines, and what steps I need to take to sell properties in California?

Our son has a good software career that he enjoys but I hope this business will provide him the option of retiring early should he want to.

If you are financing this is a good benchmark in my opinion as a lender for my whole career.

Remember, people dont get into a career to be belittled every day.

moving is not an option I’m married and my career is in Cali however I’ve discovered that I can use my IRA as reserves which is a huge help!

I know the rules for Owner move in state that: "The existence of a vacant comparable unit in the building which is also suitable for owner-occupancy is a factor demonstrating possible intent tocircumvent the Rent Stabilization Ordinance [RAC Regulation 613.04] ".

Earlier in my career I did it often, however (as others pointed out), with the intent to leverage once stabilized.

I’ve done dozens of 1031 exchanges over my 46 year career in the RE industry - both for myself and for my investor clients.The main advise I would give is as follows:Be realistic about your buy options and the market value of these options.