If you are looking for more cash flow, the first option would work best. 

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

If you can take down the entitlements without LP  capital or with bridge type debt and equity that exits before the development phase,  you stand to be in the best negotiation place when it comes to the development phase capital partners.Not saying you can't achieve your post hurdle 70/30 but it is going to be much easier to do so if you have a compelling story to tell.

Very foolish of her, because the correspondence on the platform suggests the exact opposite.  

@Tobias Joneses The answer to your question about making money on STR in Long Beach very well be "NO". 

Best,Kevin

Unless you bought in D class, very low appreciation area, you should be sitting pretty. 

Best of luck!

Best not to step beyond owner tenant relationships.

It has been best to anticipate wildly different ARVs based on not only the property details, but also the quality of the finishes that are used.