Call the registrar and ask. 1-800 321-2752 https://www.cslb.ca.gov/newsletter/2010-summer/page9.htmThe current text of ab968 requires FULL disclosure with copies of all contracts, permits and warranties within the two year window.

A lot of details I can go into, but would rather do it over call.

In other words, there's no one size fits all occupancy target for MTRs.

Quote from @Michael Challenger: I have no qualms with hard money lending, but I need to learn more about the process and structure to these for typical deals so that I am more comfortable and in a position to reduce my personal risk and risk to investors as much as possible.

Give me a call when you have a few minutes and I'd be happy to provide them to you.

No, that does not seem normal.

@Blaise Bevilacqua - I agree with the added expense items that others have called out including vacancy, repairs/maintenance, capex, unit turns, and low insurance.

You're netting $5k/mo and have no cash available and you're working a civil engineering job?

The cold truth is no one cares.

I once heard that all arguments happen for one of the two reasons: either we call the same thing two different names, or we call two different things the same name.