And where do you think you can get rents.We've been able to secure 80% loan to cost on these types of deals with a credit union recently. 6% is a good rate, but I would see if you can shop around the LTVGood luckGino

As a rookie myself, I didn't realize how terrible the contract was, but the contract is only abut a page and a half. 

And the landlord laws are terrible in CA.

Sorry but this is terrible advice. 1200- 1500 hold back,, no, 10k minimum, 

Not sure how best to do it, but a larger first time homebuyer credit makes no sense to me. 

Hard money and I was able to acquire $90K in credit lines from 0% APR credit cards.

It is one of the best examples of City Council and local registered community organizations huddling together to create restrictions intended to thwart development but here they are doing it in a manner which will leave new housing stock in the dust relative to other neighborhoods thanks to terrible design restrictions.

As Chris noted, for all the news about how terrible they are, and a little of it is true from my post-COVID experiences walking around SF, NYC and LA, a lot of it, I think is blown a bit out of proportion.  

That sounds terrible, that I have thousands in PALs that keep getting pushed forward (unless I sell off a property) but if I sell some stocks off in 10 years, that counts as capital gain. 

If you dont have great credit, 9.5% is probably about right.