With housing prices and all prices so high, multi-gen households will be more common here in the US like it is in other cultures and HH is an excellent option for older and younger family gens to stay closer and save $. 

Establishing a corporate entity, such as an LLC or corporation, under which the property will be vested, is a common prerequisite.

Of course, you need to use your common sense when comparing properties.

It is very common for a PM to sign on behalf of the owner.

I have not done too many deals in your market, and I anticipate things are nuanced depending on the property type and condition and based on the personality of the owner....BUT it is common and customary in my world, which is usually retail/med office, for tenants to have at least some time of free rent during the buildout.We usually structure things as follows, and you can change the number of days around but this is traditionally what we at least shoot for when we have a tenant we are repping.- Lease commencement date is to be the 6/1/24 or when the landlord's work is complete. and we traditionally have penalties in place if the LL's work takes too long and pushes us past our initial timeline.- then we typically have "rent commencement" or when you start paying rent, to be the earlier of either 180 days following lease commencement or when you are open for business.  

Covid made remote closings a lot more common, perhaps before the proper protocols were in place for them.

I agree that if I do sell these properties,  1031 exchange might not make sense as I will for sure lose money.I'm going to qualify my earlier comment a bit because while it's a much less common strategy, you actually can do a 1031 to defer a loss.

Hi Nicholas,It is common in most market not to get a lot of leads, mainly when the price is high, but it takes around 2 weeks to a month to really find the right person.Make sure that you are in the ranges that other rental properties are in your area.

This is a common misunderstanding of AB 1482, The Tenant Protection Act.

A common strategy among some of my investors is to acquire at least one rental property per year.