Quote from @Allison Littman: I am currently trying to close on a church in Nashville (residential R6-A zoning) and convert it into my primary residence.

Especially on SFR which currently are not rent controlled (see prop 33).  

More on how that is calculated below.

Sounds interesting.Hi Leah, as you might imagine, most of the benefits focus on individuals and properties directly impacted by the disaster.

If the Wrap buyer is not current, it takes a lot longer to foreclose on the Wrap than the SubTo buyer has available if the DOS has been called.So, they try a hard money loan.

You don't have to answer that, nor can you because it's subjective, but the point I'm trying to make is that they may not view it as a great deal as it currently exists.

Quote from @Matthew Orr: I am currently under contract with a wholesale deal that was to close on Monday.

.- If they say $0-$50, you'll have to get rid of them at end of current lease.- If they are more reasonable you may want to accept if for now, but let them know you'd be doing regular increases to get the rent more inline with market rent.Too many newbies here will tell you to get market rent or get rid of the tenant.

I'm currently investing in the Albany area, would just like to network, learn, and share what I've learned so far.Thanks

Purchase price: $715,000 Cash invested: $297,000 Current Price: $830,000 (originally $950,000 on 4/13/2024, reduced by $120,000 in 6 months).