Congrats on your success in acquiring the duplex that now will yield 6.5% cap at current lower rental rates. 94115 is a great zip code to be in.

This could have easily been replaced with code/AI.

Your contract should include a process for handling change orders—any alterations to the original project agreement.

You may be able to explain the situation and avoid making alterations to your LLC. 

I really can say that everything needs to be perfectly handled without any room for error.However, you do not need to go and study all aspects of Dodd/Frank, Safe Act, Senate Bill 43, the Property Code, the Finance Code, insurance law and all case law regarding wraps. 

I did not point out as well that EMD that are placed if the rescission is done per code there is NO NEED for the title companies to get signed mutual releases they are allowed to just release the funds directly to the buyer or seller per the new law..

Your main concern should be whether these bedrooms and bathrooms on the lower level are legal and have the proper egress require for fire code and livability.

This is for serious people who read this.Since law is is difficult for some people, let me be more clearThere are various codes that can be violated when buying properties (the definitions are easy to find with a quick search) Equity skimming Equity strippingForeclosure Rescue Mortgage Fraud Short Selling False Statements Wire Fraud Bank Fraud and so onhere's a sample12 U.S.

They will know the code, etc., and have relationships at the City.

If that changes in the future, and I really hope it does, I will be the first to publicly alter my opinion and report it out to all of you.