I’ve considered a construction loan to build everything at once, but the stringent conditions and potential delays make me hesitant, especially since this would be my first time seeking such a loan.I would appreciate any advice on the best way to make this work.

I am also confident that in most cases, when market conditions improve, we will see our capital returned and hopefully a small profit. 

The California Apartment Association (CAA) is urging Governor Gavin Newsom to veto AB 2684, a bill that could lead to expensive air conditioning mandates for rental properties.

However, I’m still mindful that this is our first deal, and I want to be prepared for potential surprises.Here’s what we plan to check during the walk-through:- Overall condition of the HVAC system (I’ll test it myself with HVAC multimeter)- Electrical issues (I'll assess as well)- Plumbing, which my brother, a journeyman plumber, can help with if needed- Any significant structural concerns, mold, foundation issues, etc.

Now that I'm showing it people are complaining about it's condition.

Now we're seeing investors pouring money into buying Class C rentals - but, many are getting burned.In our experience & opinion, the main determinant of property Class is not location or even property condition, those are #2 and #3.

If all of the units are currently occupied, what would be your best revitalization strategy to bring the building up to its proper condition?

I have a new 7unit and a new 2unit...so I was thinking the 7unit gets the laundry service that @Kathryn Dillon spoke of and the 2unit will get used (in good condition of course) coin-operated machines.

At the end of one year, the cost to restore the property to livable condition was over $15,000.

The terms and conditions of this lease will continue to apply.”My point is that the Notices section directly above it states: “NOTICES: Any notice which either party may or is required to give, may be given by mailing the same, by certified mail, to Tenant at the premises, or to Owner at the address shown in Section 2.