Prior to starting my lawn care business, I worked my cousin since a very young age.

Would need to provide year end statements and ideally a way to import prior history in (avoiding re-inputting of the historical data).

I recommend talking with your lender PRIOR to making the offer if you're relying heavily on this financing plan. 

She had a $600K house to sell, and if I had reached out to my cousin months prior, I may have been able to help his wife before she sold her property.2.

In my eyes, all of the same diligence is needed in regard to sponsor and deal(s), but add to that prior operations by that sponsor, current financial analysis, current valuations in today's market with very limited trades happening as comps, what the effect of waterfall and fees will have on that position once you take over, etc.

I agree with both prior posters.

This is assuming the house is paid off prior. 

@Charles Burgess good job trying to jump into development, and doing some homework prior to that.

this newly identified risk mandates increased revenue (rent increases) to compensate for the increased risk of the government allowing tenant to not pay rent and damage unit with no legal means to get rid of the tenant.Just prior to the period in the article, CA passed statewide rent control on MF (starting at 2 unit) properties.  

I just wanted to get some insight on how common it is to request mold tests prior to purchasing a property and testing for mold with long term buy and holds in this climate.Thank you in advance!