Confirmed on the county site too but would have had to wait for the document.

I am trying to be proactive and figure out the next steps after I confirm a deal. 

@Travis MainI have seen listings that say if square footage is important, then it's up to the buyer to confirm it .I'd just use the county Info with some form of disclaimer as listed above.Not all realtors are correct on everything, heck not all attorneys are correct on everything.

If you are in OC (not Santa Ana), you probably don't have to worry about rent control unless the law changes at a later date.3) Check your lease agreement for wording about rent increases and comply with the terms.4) Make sure Newsom hasn't declared a state of emergency...which often trigger rent freezes.5) Once you confirmed that your condo is exempt and no local protections apply, send a rent increase notice for any amount.

So keep in mind that you'd need to replace that mortgage at new rates to correctly defer taxes (Although I'm not a CPA, ALWAYS confirm with one). 

You can check the ordinances in the city to confirm.  

A heloc can "Never" be used as an "Asset" or for PITI reserves when buying another property which is required.

AND you must maintain adequate reserves to take care of the disasters that may happen.So my advice- build your equity.Most of my clients fall into the first group above.

If this is a MN lease you must do a new lease as the regulations and requirements for a lease changed significantly Jan 2024, so you'd need to confirm your compliant with new lease requirements. 

@Kory ReynoldsWe had this happen and we sent a letter to the irs with a copy of the letter we sent and confirmation of payment to them.