Is your $1.5 M valuation based on comparable condition properties or does it reflect a fully renovated home?

Long story short, if you do this, buy in great locations, hold long term, and make sure that you have plenty of reserves to weather the storm.

If they are a conditional approval, which is very rare, there will be an increased security deposit. 

I lived in LA for 17 years and miss it like the dickens (except for the weather!!)

Consider elements together with way of life choices, location and marketplace analysis, property condition and protection desires, property control, and legal and regulatory concerns.

It's important to think about the market conditions, finances, different house hacking possibilities, your long-term objectives, managing the property, and exploring other markets.

She had so much shame of the condition of her house that she did not want to list it.

These help me weather a storm with low STR occupancy numbers like many are facing across the country.Higher insurance rates, STR permit fees, labor costs for repairs and cleaning, regime fees (for condos) make running a profitable STR even more difficult.  

Comps might be available to find some info on, but again the details of the property condition etc will be difficult or impossible to compare.

I am looking for someone who can provide an expert assessment of the property's condition, outline the necessary repairs and upgrades, and offer reliable estimates for the rehabilitation costs.Any guidance or referrals you can provide would be immensely appreciated.