They found it out, andI had to go to the planning board and zoning board, hire an engineer and architect to make the fourth unit legal.In my opinion, the realtor should have verified the zoning, and if you used bank financing, it's pretty rare for the bank to miss it as well.You are probably going to have to hire an architect to draw plans and to get it approved as a triplex.I wish you luck.

I spent my first 6 years in the financial planning industry working for a firm that had previously sold a lot of privately held REITS that went south.

But I usually heard this from people who had never owned a business before, didn’t have the cash to back up their plans, and often were planning to maintain full time jobs.My advice: Start with one business.

Quote from @Joe Paasch: I have joined this site to gain important incites, discussions and plans to build a successful portfolio.  

Earning interest outside a retirement plan sucks. 

Excited to see where you put that equity next—what’s the plan for reinvesting? 

I’m planning to move what I have in stock market ($2.5-3Mil) to buy a good realestate.

I plan to do some of the work myself.

However, if the 401k has business income, it will be subject to UBIT.An IRA is not subject to capital gain taxes because it is a tax-deferred retirement plan.

People have been dropped by insurance companies in wildfire areas and had to scramble to try to find insurance - some using California Fair Plan.