Our sewage line has also backed up into the basement, several times.  

Investment Info:Condo buy & hold investment.First primary residence (2 bed/ 2 bath condo) located into a desirable part of Southern California.

Then I'd plug the balance into my plan. 

Hey @Dan Cooper Congrats on taking your 1st steps into REI! 

I’m here to learn as much as I can from this community, connect with like-minded people, and gain insights into smart investing strategies.Looking forward to networking and soaking up knowledge from all of you.

David, this deal could work, but I’d want to dig into a few things first. 80% occupancy with long-term tenants is solid, but what happens if a major tenant leaves?

Generate a comp set in Pricelabs and you can go into finer details on what others are charging.

You can also do a 10% second home mortgage to buy another place and later turn it into a rental. 

Great job turning your condo into a cash flowing asset! 

I heard that one of the new laws that went into effect 1/1/25 in CA requires landlords give tenants photos of any areas/issues that were a cause for security deposit deductions.Thanks in advance for any input !