I am going to assume that you are doing this close to home in the bay area of CA.

Hey @Keenan Patton,This deal looks solid with a projected $60K profit, $435K ARV, and a $13K assignment fee in Northern California.

I think it's ridiculous to pay a tenant to leave, but it makes sense in places like California.

If you were looking at buying in Florida, but your lender is in NY or California, they dont really have to be as concerned about their reputation because the realtors (most likely) will never work with them again. #1 is the primary reason, but #2 does factor in as well.

I currently live in San Jose, CA. 

We just completed 6-unit one bed one bath apartment in midtown Sacramento, CA As we are considering doing MTR, your feedback on how to move forward with this plan is appreciated  

For example, in California, we have earthquake and foundational issues.

Title captures most of my question. I purchased a FIRST LIEN Purchase Money Mortgage that foreclosed, originally from 2006. The property had a first mortgage, as well as a second mortgage, both from the same purchase ...

I'm just getting back to the this forum after dealing with this fires out here in CA.

The other one is in San Diego, which I have not even visited personally in 5 years.