A collection attorney would be equivalent to having the boarded with a servicer as the attorney attempts to collect.

If you do want deals to close on time and reliably, with happy homebuyers that will send you future business, then we (or, rather, you and your local equivalent of me) should talk.Also, you make more than I do per deal.

If you're taxed at 35% between Fed & State, this equates to $3,500 cash back in your pocket.So would you really be looking at a $1,200-$2,000 annual loss...NO, and the appreciation is your bonus for being patient (at a $300k value and with a low inflation equivalent appreciation of 3% that's another $9,000 the first year).To be honest, I have never heard a California investor say they regretted turning their first primary into a rental.

Consider buying one leveraged rental that produces the cash flow equivalent of four traditionally operated rentals.

So in theory what might seem like a huge payment in today's dollars might be equivalent to pocket change or a cup of coffee in a decade or two due to inflation.

Submittal and review costs should be available on some sort of "Development Fee Schedule" which is publicly available, and if you cannot find it online then go down to the City's Planning Department and ask to talk with someone in Development Services (or local equivalent).  

The specific cause I am interested in is pasted below:"The owner wishes to occupy the premises personally, or the owner’s immediate family will occupy the unit, and no substantially equivalent unit is vacant and available in the same building."

The equivalent to "Newbie Ville" already exists.

But then if fishes were wishes...I would try asking around at the local REIA and/or calling other apt owners in the area, and try to find a partner with a solution/cash for fixes, or someone to do the equivalent of a "subject-to" deal.Good luck!

That is well below a 1% rent to purchase price ratio which is equivalent to negative cash flow.