@Daniel Selnes At face value your proposed rent increase sounds reasonable, even low, for most of California.

I am interested to see how that progresses as Rural parcels offer the most opportunity to take advantage of this legislation.  

Last year a short term rental law that limits short term rents in residentials in San Diego was passed then rescinded.I was wondering if that legislation is enacted in the future, will that concern MF (>= 4 units) also.

A big thank you to all who have helped moved this legislation along.   

It will be effective as of his signature.You can find a copy of the latest version of the bill and more details here: http://iga.in.gov/legislative/2020/bills/house/1165.

LTV / Amortization: Sub-notes written under the Master line of credit will be limited to the lesser of 80% of an as-improved appraised value or 90% of the proposed cost of acquisition and improvements (“cost of acquisition and improvements” will exclude: projected interest expense, referral fees, and/or projected profit).

At the end of the day the biggest risk you face is losing your earnest money deposit when your offer gets accepted, but you shouldn't have to risk that because your lender is too lazy to look at the location, condition, ARV and proposed price for the deal

I also have a couple great ideas up my sleeve that I would be happy to share with this proposed group, but that I won't be posting on any blog!

Hi @Ki Lee, What you are proposing is not a drop and swap. 

I guess I can see the whole "discouraging speculation" angle, but the entire stock market is essentially speculative--do they also propose a 25% tax on other capital gains on property held for less than five years?