The same guidelines could have markedly different interpretations and implementations by different lenders.Lender A tells you that your rate is X, Lender B tells you that your rate is a little higher because they see that the program/product that A is quoting wont work because of some minute detail.

I tend to fly under the radar mostly because I'm pulling small quantities and I also fall back on a more literal interpretation of the law in that I'm not "selling"...I'm "buying". :)

You are now a foreign entity doing business in CA since YOU run the business from there so Cali wants their $800 either way.So whether you need a REI tax pro is all open to interpretation.

But I interpreted this seasoning requirement to not apply if there's no first mortgage on the property (initial purchase was all cash). https://selling-guide.fanniemae.com/sel/b2-1.3-03/cash-out-r...

Is that not how people here in the forums interpret the methodology? 

Note this is not only to rent the JADU, but in strictest interpretation to even have a legal JADU.

Homeowners considering these developments should focus on getting a clear read of how welcoming their city is to this legislation as a first step, including their interpretation of the requirements and their projected timeline to implement it. 

In the end, we’ll all benefit from personal experiences and how LA county interprets SB9 regulations so we can all better prepare and plan for our projects in the foreseeable future.

The only difference is that we have a good faith basis for believing our interpretation of the regulation may be correct, and will abide by the commission's ruling if we are wrong.

Your local Realtor association that administers the MLS may interpret this as possibly a net listing (illegal in some states like Alabama).