(Currently, the owner does not accept personal checks from the tenants.  

I remember about 10 years ago before the province forced the municipality to accept new construction, and the population was half of what it is now.

(I'm also very familiar with rent stabilization laws since I work in housing policy for my career, so I'm aware of how that offsets a lot of upside potential, at least in the short term.)Is this "Sub-1% Rule" just something you need to accept as a buyer/investor in LA?

We got our offer accepted on the house in February of this year on the short sale.

I'm on a fact finding mission to determine the best way to start a new company for short term rentals and trying to determine the best practices to do so.What is known thus far:- I have to have a RE license in order to manage properties for third parties when accepting commissions for bookings.

I am currently waiting on the seller to accept or reject my new purchase price offer, however, I don't have that much cash to rehab the property.

We will accept the property only if the trust is has some deep pockets.  

Thirdly, as noted above, the mortgage and/or HML will show up on a lien search, and neither lender is going to accept being in a second position lien behind the other.

They are a smaller bank, they accept business checking accounts, and they use those accounts to help people open the account for their LLC or S-Corp.I opened my business checking through them for my S-Corp and they are great.

We offered $210,000 to get first in line and our offer was accepted.