To the housing providers in Pomona ...how can we teach the Mayor & City Council of Pomona about the economics of and business fundamentals of providing our products to the market (housing)?

Meanwhile, the assets lack fundamentals, and rarely trade for remotely close to where they appraise.

There are fundamental concepts to Sub-to and additional considerations with LT's. 

Feel free to contact me if you have any questions.I've been investing in the industry since 2007 and spend the better part of the last 3 years patiently waiting for market fundamentals to improve which we believe they have and should have some opportunities in the near future.

Recently signed for their 3 day fundamental workshop.

Purchase price: $85,000 Cash invested: $150,000 Contributors: Hannah Holland BRRRR in a small pocket of SFHs that is surrounded by commercial near downtown, therefore our lot is zoned commercial, not ideal for pulling out as much cash as possible, BUT due to Weatherford STR regulations, I am now eligible to STR this "commercial" property.

The reserve price wasn't met, but it's set very overpriced, and I don't think anyone would meet that price.The day after I won the auction, I received an email stating that the seller is offering all eligible bidders the chance to place another bid.

It looks like we can do a 2/1 ADU for $130-140k and have it built on an eligible primary home's property in 6-8 months ($1200 mortgage) to return in rent anywhere from $1600-2200 depending on location.Thank you!

Fundamentally, I want a balance between an efficient, market-rate park and tenants who are happy and comfortable.

Fundamentally, Russell is right.