I will have to do some research on other cities in San Diego to see if there is any variation in the law.On another note, it was very cool to go through your property portfolio and see your (mostly) buy and hold strategy over time.

I'd like to pose a slight variation on the original question. 

Typically, you will see loan options around 65-75% LTV and borrowers will need to bring 10% of the purchase price plus closing costs to settlement, or some variation of that sort.

They have been so successful that at least 13 states now have them and others have different variations of them. 

There are many variations of such homes.

For NOI there is huge variation on what is included as income and expenses.

There are too many variations that could make this increase or decrease based on project complexity. 

You can sell it, sometimes it can be transferred to the buyer, but 99% of buyers do not want it so the most common is to pay it off through escrow with the proceeds from the sale, or some variation of that.

Why that large variation?

There are soooo many variations that it takes writing a book to explain them all.