If it were me I'd pass or do a substantial escrow holdback until you knew if things were properly permitted, etc.

@Maryann FialdiniDefinitely get an attorney as you want to avoid her claiming she was induced to sign and it was a predatory situationIn the future never give money, pay for anything or take a deed without going through proper peopleYes it’s Monday morning quarterback but it is sound business practice.The only way this will get resolved now is through a lawsuit or cash for keysWhat is she trying to claim btw ?

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

If you have a properly written power-of-attorney (POA) authorizing you to manage on behalf of the borrower, then you should be fine.Here's what we've done:1.

Make your decision to hold the property or just take the hit and unload rhe property.I'm sure the master class got you pumped up to jump in with both feet, but I hope they spent time on running the numbers and doing proper due diligence.

Yes I did send the proper notice regarding imposing a claim on the security deposit to the tenant's last known address, but not to the LLC at a different address. 

Proper underwriting and due diligence (DD) processes are essential to ensure that projects maintain a strong risk profile while still delivering attractive returns.

Does anyone have a good advice on how/where to properly comp a multi unit property?

In 2024, my neighbor replaced the back part of the side fence (He paid for it 100% and didn't give me proper notice per CA Good Neighbor Law).