The biggest question you need to ask yourself is if you are doing this to afford a property you otherwise couldn’t afford or to save money period, that will lead to very different conclusions about where/if to buy. 

There is one and only one insurance company in town who will insure the property due to its fire risk.

Hi Sandra, as soon as you can estimate the amount of gain you will recognize from the flip you should pay an estimated tax on that amount.

The conversation with city officials will continue as we push for zoning reforms that allow sustainable and affordable housing solutions.This win is a step forward, but there’s still work to be done!

I will say no from a renter's experience. 

Also, I'm not sure how you're paying attention to it on the tax side, but the unit that you are living in's profit at sale is calculated differently than the other unit that you're renting out.Once you move out, that unit is officially available for rent so from that point forward, any profit gained at future sale will be calculated starting from that point and will be taxable.

Utilize any hospitals and insurance companies that are willing to take your call.

Be aware of California taxes that will hit you in their other funds based on your income level.

But nothing will break and the bank won’t fail to pay. 

Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.