ROOFTOP PATIO WITH BARBECUE IF YOU WANT TO GET TO KNOW THOSE NEW NEIGHBORS.

Rooftop with ocean views. 

I have a lot of experience in finance but not RE and I'm wondering if this degree of scale (debts>capital base) constitutes "leverage" (I don't think it does if my DSCR is meaningfully positive... maybe if I'm allocated to a single market I introduce black swans, I dunno).Having read the BRRRR book I didn't really see much on how to protect against random downside scenarios when port gets huge.

The vote was just passed on June 13th and the regulations will take effect on January 1, 2019.You will still be able to rent our your home on Airbnb but it needs to be your primary residence, the number of days you cant rent it out are limited, and you need to register with the city and pay hundreds in fines per year.More information here:  https://boston.curbed.com/2018/6/13/17460760/bosto...Best,Matt

Violations of said laws can result in fines.

 Hey @Edgardo Jove - Some things I have seen other Chicago investors do are renting storage, garage space, onsite laundry or maybe building rooftop deck or converting to a smart home, but I am not sure how those last two ideas would work and how much they would increase your NOI.

The nice this is that the tenants who qualify for this program have to go through classes and training in finances, home ownership, how to be a good tenant, etc.

As a structural engineer, we make the architect's vision a reality (design the concrete structure of the infinity pools, how to support the large open windows and large span cantilever terraces/roof with steel framing, design the concrete foundations, retaining walls and basements if the building is on a slope as is often the case in Beverly Hills, and all the wood floor, roof and wall framing). 

All with garages, rooftop decks a 4/3.5, plus parking pad for two card and a small yard, they will be unique in the area for sure, especially with the 4 off street parking spaces and small yard.

But, there is another concern, someone teaching you how to make a note and security agreement, just use a standard agreement, don't get screwy in terms as this is not real estate, it's finance and you should never try to learn finance from a real estate type, unless they are really qualified in finance from other formal education.