You could explore a private note sale but without hard collateral it could be difficult and would come with a discounted buy out.

So, until the mindset of the people we depend on to move our plans and permits forward, changes for the better, it will continue to be difficult in LA County.

The narrative that these are cash flowing properties is aggressively pushed by everyone who benefits from these transactions...turn key operators....brokers....pm's but its incredibly difficult for the non hands on buyers to operate these homes for a sustainable period of time.

A deal this small wouldn’t make sense as a partnership unless the original intent was to scale and grow together assuming this deal works out.In regard to the financing, if you can’t get it on your own without someone else’s balance sheet and income then it would be very difficult to untangle that partnership since he’d be a personal guarantor right along side you.  

What are some stories you have with dealing with difficult tenants? 

You forget that I also said not to build in places too difficult to defend.

It’s getting close to other major metros in the rest of the world where it’s getting difficult for the locals to buy a home.

Getting contractors has been difficult.

I don't disagree that Airbnb claims can be difficult but this is all very common in the industry. 

How difficult or easy has it been to get tenants secured in that area?