AND, to boot, as we go higher, the air is thinner, there is less there (affordability).

Lower the boom on appraisers who write low ball appraisals because they are afraid the banks will not hire them again unless they write low appraisals...

Last question, you are hiring an architect and submitting plans to the city in a renovation like this correct?

Once I got a second LLC and STR it wasn't easy to manage by myself or setup without hiring someone so I looked at Stessa and Digb.

For more info, check out the law itself AB968: https://legiscan.com/CA/text/AB968/id/2764362 https://www.car.org/riskmanagement/qa/New-Laws/2024-New-LawsAll of the "owner-builder" folks that would get permits for work and then hire unlicensed, uninsured, discount companies to do the work for as cheap as possible will pivot. 

@Don KonipolI view these trends as both things that people are participating in AND things that are being done to them.Silicon Valley hires the best and brightest to make phones, social media, games and apps addictive. 

Find out what a typical nightly rate is for your area (not what air bnb charges, the actual nightly rate the owner will receive not including the cleaning fee).

Many are jacks of all trades and will charge you to learn to do what you hired them for.

I don't have a judgementDo you have to hire a lawyer if the tenant has already Vacated? 

This includes hiring an inspector to check for structural problems, arranging for a pest inspection, and getting a professional appraisal to ensure the property's value matches the bank's asking price.