Favorable landlord/tenant laws, taxes do NOT reassess on the sale, land constraints with lots of demand, tourist destination (Lake Tahoe) right next door, consistent job/population growth, very minimal amount of pests, etc. 

Hard to know with a variable mortgage and their fixed rate conversions are not favorable rates.

From my own basic research it appears that many of the ADU companies have lenders they work with, but I don’t know that those would be the more creative or favorable terms out there.

The price to revenue ratio is amazing and the appreciation has been externally favorable over the last few years. 

Numbers worked in my favor for cash flow How did you finance this deal?

I suppose if the property appraises well and you can show the costs incurred you will will receive favorable financing at time of purchase and recieve your return of capital through the same financing process.

It might look amazing in a couple of years.Thank you for the encouragement I don’t recall the last time I was this stressed about rental purchase, that’s what I keep tell myself that number works, even if it under perform, it should still work in my favor, I think it’s the unexpected siding issue throws me off and makes me think about all the negative things about this dealalso number is larger than i normal target range (70-150k) small 2-3bed rental 7.625% interest rate probably pressures me a bit too 

It is true, a lender will not look favorably at a scenario where the borrower is relying on a loan for the down payment.

@Nicholas Devlin There's a few lenders that can do loans that small but the terms may not be as favorable.

If they come out against my favor, can I coax the board HOA to at least talk to the actual attorneys who are experts in condominium law?