I would much prefer to not work with the big banks and in my experience sometimes local lenders are not very sophisticated when it comes to non-cookie cutter conventional residential lending.For instance I recently worked with a local NC lender on a subdivision and construction loan which incurred unnecessary delays and thousands in additional expense, not due to the economics of the deal, but rather the bank's ignorance of the law and considerations that arise in subdivision/recombination of a plat.Go forward I would much prefer to work with lenders who are well versed in dealing with REI and avoid paying for the bank's learning curve and oversights.

At this point it will be virtually unnecessary for you to sit on a mountain of capEx savings because you have 4k of extra income coming in each month.

What possible plus is there in it that would offset such a huge added, unnecessary cost to you (NCF is an added cost to you). 

I'm assuming So Cal Gas will want to trench their own run for gas, which is so unnecessary but understand the liability issues.Thanks again!

If this deal eats all your liquid cash from the get go you are exposing yourself to unnecessary risks.Keep us posted.

I don't have much to add to what others have said, but going forward, I think your insurance is much higher than I've ever paid in SA and you can find a PM for 8% instead of 10% (ask around to make sure they don't just make up for it with unnecessary "maintenance").

I'm assuming one is unnecessary in this case.Any advice on this would help a ton--I hope that at the very least, I'm taking action towards something.Thanks!

This helps eliminate unnecessary labor costs and avoid a lot of weather delays that can prolong an ADU project.

I often break it down into the "five pillars" of protecting your assets.1st pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments - these simple steps will help you prevent lawsuits before they even occur.2nd pillar is a good insurance policy as that cover the majority of your exposure.

There are many reasons, but a few of the most common “misbeliefs“ I encounter on this topic are:1) Don’t know how to or not sure how syndications work (they think they cannot qualify when they can) 2) People believe they can’t afford to do so3) Not sure how to do so without incurring unnecessary risk 4) People believe they have to “manage” it themselves 5) People believe they need higher liquidity or net worth to do so In my experience (I’m currently invested 4 apartment complexes 534 doors as an LP), my wife is invested in 1 complex 282 doors as an LP, I'm a GP in 124 doors, and working on another 200+ unit deal as a GP in San Antonio Tx... my thoughts on these common misbeliefs are below:1) Anyone that is at least a “sophisticated investor” as defined by SEC can invest into a syndication, so long as you have a pre-existing relationship with the deal sponsor.