Quote from @Kristi Kandel: Quote from @Jay Hinrichs: Quote from @Kristi Kandel: Quote from @Manuel Angeles: When developing affordable housing in California (more specifically Los Angeles), how complicated is it to raise capital using subsidies?

For example, are there specific documents or information I should prepare, or would identifying a target property first be more beneficial?

I would also add that you join your local REIA chapter (Real Estate Investor Association) as it will allow you to network with other STR owners and get more location-specific information. 

My advice would be to specifically retain a potential eviction attorney from the start, in order to be prepared for how this *may* go. 

If you need help with landlord laws, house backing strategies, or traditional MTR investing specific to New Jersey happy to help.

Unless you are going for a specific look, there’s no reason for an expensive toilet.

@Eric Coats, to answer your specific questions, estimating expenses are pretty simple. 

Are there specific qualities or terms you look for that make the relationship a good fit for your investment strategy?

For a long term investor:Would it make sense if you could buy the home at a steep discount and then let the owner stay rent free for a specific period of time?

I had specifically asked for numbers including mortgage payments and they emailed to me.