Highlights:* no prepay on 12 mo bridge* 6 months guaranteed interest on a 24 month bridgeThese are interest only loans and the DSCR calculation isn’t a factor in the lending decision.Compare the cost of your lower interest rate DSCR loan, including PPP versus what the bridge would cost at a higher interest rate and no or minimal PPP.PPP=pre payment penalty :)

On the positive, holding costs to get you to february should be minimal.  

I have minimal plumbing experience and thought it would cost me way more than what the actual bill was.

I've spoken to countless investors facing this same problem and I can feel the sense of frustration and helplessness, especially when your builder goes dark. 

We (the buyers) notified our agent that the property must also be move-in-ready.We received images of the interior and exterior which showed the property in move-in ready condition/what appeared to be minimal to no deferred maintenance issues, the listing said "property inmove-in condition/turn-key".

A short loan term with a balloon payment is common, as it minimizes long-term risk for you.

Consider if refinancing after increasing rents could work, and whether MTR/STR demand is strong enough to sustain long-term profitability.Keep as LTR with Minimal Cash Flow: While this avoids a cash outlay, being cash flow negative or barely breaking even isn’t sustainable long-term.

Follow up with sellers and buyers regularly to stay top-of-mind.By following these five rules, you can minimize most of the common challenges wholesalers face and set yourself up for success.

Any law that tries to do otherwise conflicts with sb13 and ab2533 (unless the unpermitted units was created post dates of protection by those laws).i agree he should get it permitted especially if close to the price quoted, but issues due to unpermitted units that are protected be sb13 and/or ab2533 present minimal risk and if it does happen get HCD to assist in any issues. 

K-1 losses, generated through depreciation and cost segregation, can often offset distributions during the hold period, minimizing taxable income.