Should you run into an issue with said tenant and need to evict or should city know you placed them in there, you expose yourself to potential fines. 

Permitting also secures compliance and avoids fines, which can be significant in LA.This post does not create a CPA-Client relationship.

Also, if the sponsor is new, I am fine with less skin in the game as long as it is significant to their net worth.

In reality, the neighbor can definitely get rough, but its fine to walk on the street there during the day and in some parts at night.

If you want 100% of your investments in public equity, that is fine and you will reap those rewards or suffer those losses.  

If the prices work where you are, I think with your experience, you could go right into a four-plex and do fine, especially if it was light to moderate value-add because of your knowledge and connections.

Just communicate this with your new tenants and you’ll be fine.

You can even use a really fine-grit sandpaper.This video demonstrates how she repairs a stainless steel sink and it includes before/after images for comparison at the end.

Another key point in loans is that the broker or direct lender will often try and include the costs into the loan, for some this is fine but you are paying interest on that money over a long period of time....FYI

Looks like we should be fine.