Fair return is calculated to determine if the owneris maintaining the net operating income produced by theproperty in a base year, subject to CPI-related adjustments.https://www.readkong.com/page/guide-to-oakland-rental-housin...2021 - GUIDE TO OAKLAND RENTALHOUSING LAW

Given that the house is paid off but has $27K in back taxes, you could offer to cover those taxes upfront in exchange for favorable terms on the remaining balance—like low (or no) down payment, and small monthly payments.You could also negotiate for a subject-to deal where you take over the property subject to the taxes, while still securing control of the property for your BRRRR strategy.

But why do you want to buy multiple homes in the same year if that would be stretching your resources and subjecting you to more cap ex?

I would like to get into seller financing and subject to deals but don't really fully understand the payments portion of it.

That's a pretty hot market from what I understand.

Regulated by the county of Riverside not the city, thus not subject to the restrictions.

My understanding is that most lenders will file a mortgage lien on the subject property as soon as the loan is signed so as to preserve their rights, but what if the lender did not do so before the borrower defaulted?

What has worked for you in a hot market like Austin?

I was initially told from others I talked with on the subject that it is very complex structure for a single property portfolio and overkill.

If I utilize qualified funds would this investment be subject to UBIT re UDFI?