However, thorough research and careful planning are essential.

This presumes you make smart purchases that cash flow after paying all their expenses (Principle, interest, Taxes, Insurance, and a maintenance / Capex reserves).The risk of leverage is if your properties AREN'T making money - maybe you misjudged your income, or you run into repairs that cost more than you expected or budgeted for.  

Check out this link for the upcoming California November ballot --> "Justice for Renters Act" Essentially, they're trying to implement rent control state wide.

It’s still a journey for me, and I’ve realized how essential surrounding yourself with a strong community can be in overcoming these obstacles.Question for everyone: I’m curious, what’s been your biggest challenge in building a strong real estate network?

Although, for your current situation you won't have the time to get your license by the time this deal closes...But, another option that may be possible is if the seller agrees to directly pay you outside of escrow for essentially a finder's fee.

Hi Joseph, you would have to get the specifics on this particular DSCR pre-payment penalty, but they usually apply after there’s been a greater than 20% principle reduction. 

 I’ll also add that there are some instances where just making additional payments to pay down principle could trigger the due in full clause.

If nobody goes along, then the law is essentially dead in the water.I imagine there could be multiple cities interested in implementing this, but there needs to be a couple municipalities who are the first to do so and test it out for everybody else.  

Hey @Debbie Palmer, so I am with @John Underwood on calling.https://www.loganutah.gov/government/departments/community_d...There are several folks listed on that site that should be able to advise.I will say that she will essentially need to clear out all her personal and important things.

Use of these entities in this manner allows for matching foreign tax credits, and when the money is brought back to Canada, you essentially pay income taxes at your personal rate.