You have a justification for it, fine.

It's just if you have funds already from inheritance, sale of a business, large funds you have saved over the years etc. then you can skip that low income stuff all together.

Not only that, but they can take personal property as well as real estate, with the proper justification.

@Isaiah Suber , there is a bigger issue here than just if bandit signs work in 4 days or not.Wholesaling real estate is NOT investing, it is a BUSINESS.

I'm not using that as a justification for what's going on as I'm not a big fan of the large banks in the first place.

Toledo investors and landlords had our day in court today and really the day could not have gone better.We were awarded our preliminary injunction immediately stopping the enactment of the ordinance...we now have an absolute unequivocal ruling that the City of Toledo cannot carry forward with the threat to fine landlords who don't comply with their ordinance.This ruling is of course in advance of the Judge's final ruling on the case...for a permanent injunction of the entire ordinance.Of note - our esteemed Judge awarded our injunction citing validity OF ALL FOUR key justifications of the lawsuit:- The city of Toledo city council cannot hand over enforcement powers it doesn't possess as a legislative body (the cornerstone of unconstitutionality) over to the Lucas County Health Dept.- The city failed to have an agreement with the LCHD when they enacted the ordinance (they created one months later when we requested a copy for our lawsuit).- There is a violation of the equal protection of individuals (landlords) in enforcing this ordinance ONLY on owners 1-4 units and not on all rentals or all homes built before 1978.- The city fumbled the definition of Owner in their municipal code (we filed the issue in court about a week ago)...anyone who had a utility bill and controlled the property was considered an owner and thus exempt from the ordinance so totally muddying the waters two weeks before implementation was to occur.

So perhaps there is a justification for a lower fee on this project than in tax credit projects, but higher than on a market rate project.  

I don't know CA law, but I think you have good justification, if everything you withheld is documented by receipts for the repairs/cleaning.

The second one I own is more so just if doing other 4 might as well do all 5 ( this one is already in my LLC ) 

Obviously if you pay utilities then that is a little different since the justification is more people use more utilities.