However, the statute provides for exceptions that are important for CA landlord’s to understand.First, the statute expressly states that the one month limitation does not apply to rental agreements entered into before July 1, 2024, so if you have an existing security deposit of two or three times the monthly rent, you do not have to reduce that security deposits to comply with the new law.

This was confirmed for me in 2000 in a conversation I had with the then in existence Texas Savings and Loan Commission which had over seer authority over private lending.

. - Little to no existing debt tied to property.

Prioritize paying off existing debt to improve your debt-to-income ratio for better loan terms.

Does Mom own a primary residence, is she working in the location where this house exists?

There are cases where certain portions of the NNN Expenses are capped at increasing more than a certain amount over the previous year which is another thing to take note of when purchasing an existing asset because if the NNN's are capped then the owner runs the risk of absorbing a portion of the Operating Expenses which ultimately kills cash flow. 5.

I would like to buy a property which has an existing section 8 family tenants, for the only reason that I own and rent the adjacent property to a quiet retired couple who cannot enjoy peacefully their home because of these people.

Photos, permits, a Clue report, walking inside tells a good deal of what exists.

Not sure if one exists.

You'd need to go with a cash-out refi since they purchased in cash and have no existing liens.If this is going to be your primary residency then I'd recommend the HELOC advice from above.