Tell the current PMC to transfer the SD to the new PMC, that way they have a record of handing it off to a licensee (assuming PMCs are required to be licensed in your state) and are covered in case of a Real Estate Commission inquiry.

I’d get clear outline of what they cover and what they don’t cover.

If I could cover closing costs that would also be a good incentive.

After we move in 4-5 years, I would rent out both units.Pros:Potential for long-term appreciation in San Diego.Cons:The property will not cash flow enough to cover the mortgage while we are living there.After we move, it would provide very low returns and minimal cash flow.Would require a significant portion of my liquidity, making it harder to invest elsewhere and grow my rental portfolio.2.

Make sure your back is wide enough to cover your own, and the floor is not that far from your comfort levels.

These lenders typically cover the purchase and rehab costs because they’re more focused on the value of the property than your personal financials.Rehab: Use the borrowed funds to fix up the property, adding value by making necessary repairs or improvements.

Now I'm on to the next step: covering the tax bill from my side gig, saving, and repairing my credit.

I was told by my insurance agent that a % of loss of revenue can only be covered by insurance until the property damage is fixed, which could pre-date the return of essential utilities.

For rentals, focus on properties that generate solid cash flow after covering mortgage, taxes, insurance, and maintenance.

They have to sweep, mop etc.We charge $100 pet fee and that covers up to2 dogs.We use this for small breakage or losses.