If you pick a random OOS city to buy in, based on numbers an agent or wholesaler is telling you or "it's a great market to invest in" and don't know the area, prepare to have lots of cash reserves and to lose money especially Class C. - what's a great market to invest in for one person isn't for another investor.

As a former planning commissioner the people AGAINST projects are the loudest so you want to make sure you have a good pulse on what your neighbors and the louder people at public hearings stand so you can be prepared ahead of time. 

Without reserves, they might be unable to evict tenants or prepare the units once they are vacant.

So unless im prepared to lawyer up 3k just to try and get some of it back the answer "just walk away from your deposits, im trustworthy" doesnt work for me.I have prepaid for work from big names, Lowes installs etc.

However, the reality has proven to be quite different, and I am feeling deceived and deeply frustrated.I am prepared to pursue this matter further, including with media outlets if necessary.

Congrats on preparing your property for an STR in San Diego!

Its a lifestyle you must prepare the family for so you dont have strife..

I usually talk to a dozen banks when preparing to make an offer or just get a property under contract. 8 unit is just south of 20 by the fairgrounds.

Projects give us visibility on my projectsMy CPA can easily access the reports for tax preparation.

Title company will need formation docs, and operating agreement to prepare deed and title docs and lender will need formation docs and operating agreement for lien search and loan docs.