- Is this something to be concerned about or not?

I have been considering which area of REI to begin with: multifamily homes, mobile home parks, or short-term rentals.

The rental income will more than cover the mortgage and still provide positive cash flow, which is rare in the California market, making this a great opportunity for us.However, underwriting has expressed concerns about us moving from a presumably larger home worth $606,000 to a smaller one worth $376,000.

The roof needs to be replaced anyway so I would plan to do that so really in the end, just the black soot coloring.Any issues I should be concerned with?   

I recommend looking at IRS guidelines to ensure you’re capturing the right information.I understand the concern about the complexities of REPS and the risk of audits, especially with the amount at stake.

I've never owned an ADU and I'm concerned about how it'll influence the primary which I also plan to list and rent. 

Does anyone have any insurance companies they've used for insuring a mobile home community with a lagoon?

I am primarily concerned it is a matter of inhabitability if no usable shower is available for 3 days and that could hold up in court if they chose to go that far to get full days rent off.

>I'll read up on those legislation you posted but my biggest concern is if the current tenant can't be evicted and can legally live there for free since it's unpermitted.

Hi Guillermo,When getting a home inspection in Jersey City, there are several common issues to watch for:Water infiltration is a frequent concern, especially in older homes with damp basements prone to flooding.