If someone is not ok with conflict, being pushy and standing up for themselves then owning real estate typically is not for them as you will be dealing with bad people often and cannot be a pushover.

The bank is going to typically finance between 65 and 75% of the cost depending on the ARV. 

Short-term rentals would be a solution, but due to strict short-term rental laws in rent-controlled areas of Los Angeles, options like Airbnb are typically not feasible.At present, I have a $5 million property in Encino with two units that we cannot rent out short-term due to rent control regulations, and the numbers don’t work for a long-term rental either.

Regarding risk my perspective is that it is much lower than typical common equity deals in that there is a 25% cushion re valuation drop before the pref equity holders would be impacted.

Your remaining mortgage will be smaller than you would typically pay somewhere else in rent and you will have your tenant on the other side helping to pay off the rest of the mortgage.

I have been rehabbing houses in Milwaukee for 15 years and I am on my jobs at least 2-3 times a week - even though we use the same trades and typically do the same work.

However, the article notes that the typical line offered is between $1M and $5M.

Typically, you’ll need a promissory note (outlining the loan terms, interest rate, repayment schedule, etc.) and either a deed of trust or mortgage to secure your interest in the property.

Since the adjustment, we have not been paid in full on the first of the month.In my experience, it is generally preferable to rent to lower income folks with no credit that are typically found in the same neighborhoods, such as recent immigrants.

@Brody Veilleux FHA 203(k) requires you to get bids from licensed contractors, so lender knows you have accurate numbers.Once you close you can typically do the work yourself, although you won't get draws/funds for your own labor.HML will require the same.