So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

My mentor did say that he has purchased them before and had the owner/ paid the owner to sign something that stated the owner did not want the property back.

New for 2025, just so you know, the state has enacted a short term rental tax of 4.5% on stays of 31 or fewer days. 

I also get the same story from national lenders that state virtually everywhere ADUs are getting values far less than hands off costs.  

@Noah Schulz what does the lease state about payment and what period the payments cover?

If the lender states that there is no seasoning requirements to refinance based on ARV, the rates will generally be a bit higher. 

With states becoming stricter, how are yall still managing to wholesale?

I watch a lot of David Greene's YT videos and have messaged him directly and he gave me solid advice - if I'm going to buy outside of California, to go for appreciation states and look at the asset. 

I do not use the lease agreements provided, I use the promulgated contract provided by my state, but it's perfect for background/credit checks, docusign, and payments. 

And yes I plan on buying more property in 2025 and it may be in a new city/state.