Cash flow is difficult here in California, and so I'm looking for opportunities that have strong appreciation and long-term growth opportunities with strong tenant bases to complement my long-term investment strategy.I appreciate any insight and stories.

Will they base their calculations solely on the income from the two legal units and disregard the non-conforming basement?

Hi Wendy,Coming from a Banker in most cases the Heloc is a Line of credit you only pay on the amount you use and a Heloan is the bank/lender gives you all cash.Lets say you borrow $10K as a heloc and in the first few months you take out $1500.00 your payment is only going to be based off the $1500 and not the $10K because the rest in the line of credit (LOC) not being used - Same as a credit card.

Wife and I are both self-employed so acquiring a traditional mortgage is challenging based on our "on paper" income.

Usually they are city or region based in your state.

We don't bait and switch, we work deals based on actual details of the client's specific deal.

When I asked why this was caught earlier, she responded, "Based on the timelines you provided, we had a team fail including me...

Instead of keeping them, I'd look to sell them and buy something more suitable as a long term rental.If you want to know why I have such a strong opinion on this, just google the following: - HOA Special Assessment - Florida Condos 2024 - search for news on the new laws - Zombie Condos

The information shared is based on my experience and industry knowledge and should not be considered tax, legal, or financial advice.

I can't post the link here, you can dm me or search online.