If convicted of bank fraud you may be facing large fines of up to $1,000,000 and/or imprisonment of up to thirty years.Posted without comment.Okay, so one comment:Just because someone in your community says it's okay to do, better clear it with the feds first, or you may be talking with them later..This reminds me of a Subto in California that went bad and wasn't handled correctly. 

Having developed a majority of my career in CA the regulations and red tape for construction and development are intense. 

We are open to investing locally however living in Orange County CA, I don't know if that is possible?  

Hi @Abigail King - Love that you are coming up to Chicago for some meetups. 

Check it out.I am currently licensing a 12 bed RCFE in Santa Cruz, CA.

With the fires in CA, you can expect materials and contractors to become even more expensive. 

In CA, there used to be two different house numbers and it was straight forward to rent them as a separate unit.

Now purchasing a home with cash is always good b/c obviously cash is king but also I think the part you might've missed is that, the money your utilizing on these home's won't actually be yours, but the banks or whatever institution you used to fix the home or make its value worth more.

Here are updated links:Assignment ContractPurchase and Sale Agreement will those forms work in california? 

That home was in Milpitas CA.. probably worth about 1 mil today.. but I lived there 2 years sold it made over 50k and I was off to the races.. primary home equity as I look back 50 years of ownership and multiple homes has made me well over 2.5 million in tax free gains.