The landlord responded that the lease was not subject to the Rent Adjustment Program since the rental was for “sole use of one or more rooms and shared use of common areas (such as a kitchen) in the residence,” which was a single-family home.In its decision, the court focused on the definition of a “dwelling unit” as used in the exception found in Civil Code section 1954.52(a)(3)(A), which provides that “an owner of residential real property may establish the initial and all subsequent rental rates for a dwelling or a unit about which the following is true…It is alienable separate from the title to any other dwelling unit….” .

I'm assuming you need an established working relationship with said lender.

I'm also a licensed agent in RI and MA so that helps as well.

@Larry CaperIs there a reason you're opposed to getting a broker-dealer license?

This is a large established corporation so I'm not concerned, and most of my application questions wouldn't make sense.

Instead, focus on establishing an authority in your area and building an audience.

Because these are renovated to suit and can be licensed for assisted living, we are able to lease them for ~3X market rent.

A little about me:I hold a Certified General Appraiser license and have been working in corporate and commercial real estate for over 25 years.My recent focus has been on property investments and appraisal work, including commercial and residential properties, lease-to-own agreements, and broker price opinions (BPOs).I’m always looking for opportunities to expand my portfolio and knowledge in real estate, and I love analyzing market trends and valuations.I’m here to connect with other investors, share insights, and learn from the wealth of knowledge this community offers.

My question however, is for short term rentals there - licensing is taking place such that it is possible, owners may be limited to 50% of the year, making investing in a short term rental more risky.

When would you suggest to establish an LLC for your portfolio?