The rules are also very landlord-friendly (no 12-month eviction process!).

If you conduct yourself as a serious investor truly looking to work with that PM than they will likely help you through the process, especially if you use them as an agent.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

We had a mentor guide us through the process.

As an agent, I personally would love to hear your thoughts on how the implementation of AI will affect agents system processes or how it already has, however I would love to hear about it's impact in all facets of real estate.Apologies if this is a repeat post, I haven't searched much on the forums for this yet. 

This clarity upfront helps set aligned expectations and creates a smooth start to the renovation process.

- If they are not making their payment, start eviction process with an experienced landlord-tenant attorney.

Achieving a great cashflowing property, learning the process while executing, and great satisfaction of helping a family.

If the higher end rent prices on comparable units take an extra month to fill the vacancy and also the tenant stays 1-2 years instead of 3-4 years on average those landlord make LESS income charging that rental price ESPECIALLY if they pay a PM a placement fee upon turnover on top.

Points and loan details are TBD still as we're just getting the tentative process down on paper as we wade into the details.