If this is a project for you and you are newer to flipping I would have a seasoned person/mentor help you through this that has done it in the city for example @Joshua Janus as he mentioned it did it.

Having a backup plan, such as a HELOC or alternative financing options, could provide added flexibility.With loans spread across 19 single-family homes, consolidating into a portfolio loan might simplify management and offer greater long-term stability.

@Audrey Sommerit's just a very, very rough rule of thumb that says to assume that 50% of a property's rent will go to non-financing expenses.it's a screening tool designed to screen down candidates to a manageable pool - but then every property needs to be analyzed on its own merits. 

We have a handful that we manage for clients.

I'm finding when I look at a given property, I get inaccurate comps in two ways: 1st, a property will show up in the list as a comp to my subject property but have a REALLY low sale value; upon investigation I find that the property acutally hasn't sold in 10+ years but PropStream thought it was comp; 2nd, a property will show up as "Sold" in the MLS status, but all ownership and transaction history tab don't reflect the new data.

@Kayenta Saucier - I wouldn't say it is a great deal or a bad deal.A lot of us still try to use the following equation.Maximum offer = ARV * 0.7 - repair costs.  

I found the same thing as a guest as well.  

I don't have personal recommendations but a Google search of "eviction attorney San Diego" turned up a lot of options.

Quote from @Felicia Nitu: Quote from @Jay Hinrichs: hope it works.. but throwing in the affordable housing requirement a lot of times kills the project right there.Also at least in markets I have worked the time lines START from completed submission.. you make your submission and then get an incomplete letter this goes on for months and months soo time lines still extend.. but at least its a step in the right direction hope if works.Hi Jay, the affordable housing requirement can definitely be a dealbreaker for some projects.

In our case there's about a 0.125% LLPA every 20 points in credit score.