They don't.The tenant attorneys flat-out LIED to the judge,who subsequently ruled against the owner based on false testimony.Including huge capital gains taxes from a forced sale that the owner tried to avoid, the owner lost $10 million.

I initially used 30 units to compute the revenue for the property but if its actually 32 units as you mentioned subsequently, assuming the 7% vacancy, then range of market value for the property might be between : 32 * 675 * 12 * .93 * 8.5=$2,048,976 or ($64,030 per door)32 * 675 * 12 * .93 * 8.8=$2,121,293 or ($66,290 per door)This might suggest at $2.6 million it may be slightly overpriced.

Your leads sounds just like buying a name list (from any other source).I Know government is crazy just now, but I was holding out for the rationality of Free Enterprise (oh what a dreamer hey).I can't believe there's one sentence anywhere on such a prohibition. 

The table below shows the prior regulations and the newly approved regulations.ITEMPRIOR REGULATION (BEFORE DEC. 17, 2019)NEW REGULATIONS THAT ALIGN WITH CALIFORNIA STATE LAWSEffective DateCity Council approved the regulations below on July 27, 2018 with subsequent updates approved on May 23, 2019; June 25, 2019; and November 19, 2019.On December 17, 2019, City Council approved the following changes, effective immediately upon their vote on Dec. 17, 2019.Zoning DistrictADUs are allowed:• In R-1, R-2, and R-M zoning districts on lots that have one single-family residence.• In Planned Development (PD) districts that are subject to R-1 standards and uses OR where ADUs are not expressly prohibited.• In a low-density cluster development if it conforms to development standards of the R-1 zoning district, and the development and use standards of the low-density cluster permit.ADUs are allowed:• In R-1, R-2, and R-M zoning districts on lots that have one single-family residence.â�¢ On lots with a single-family residence In Planned Development (PD) districts that are subject to R-1 standards and uses OR the ADU conforms to the development and use standards of the PD district.• On any lot with an existing single-family dwelling unit, where regardless of zoning, the lot has any of the following General Plan Land Use/Transportation designations:- Residential Neighborhood- Mixed-Use Neighborhood- Urban Village or Urban Residential- Transit Residential or Rural Residential- Downtown- Mixed-Use Commercial• On two-family (duplex) lots and on multifamily properties• In a low-density cluster development if it conforms to development standards of the R-1 zoning district, and the development and use standards of the low-density cluster permit.Minimum Lot Size3,000 square feetNo minimum lot sizeMinimum Setbacks from Rear and Side Property Lines0 feet for 1-story conversions and new construction.5 feet for second-story ADUs constructed above a garage or accessory structure.0 feet for 1-story conversions and new construction.4 feet for second-story ADUs constructed above a garage or accessory structure4 feet minimum rear and side setbacks required for detached ADU in multifamily developments.Maximum HeightFor detached ADUs:Single story – 18 feet maximumSecond story – 24 feet maximumAttached ADUs are subject to the height limits of the main home.Single-family properties - No change in height requirements.Multifamily properties - 16 feet maximum height for detached ADUs.Rear Yard CoverageArea covered by the ADU, accessory buildings, and accessory structures, except pools, shall not exceed forty percent (40%) of the rear yard.Area covered shall not exceed forty percent (40%) of the rear yard or up to 800 square feet, whichever is greater.Detached ADU Allowed LocationsRear yard only, at least 6 feet away from primary dwelling.May be attached to a detached garage or other existing accessory structure.Must meet minimum setbacks for an accessory building in accordance with Section 20.30.500.No changes except that ADUs that exceed forty percent (40%) of the rear yard must maintain minimum 4 foot side and rear setbacks.

Parking ArrangementThe "parking" arrangement can be part of a regular Forward 1031 Exchange where you sell the relinquished property first and then subsequently acquire the replacement property through the parking arrangement and then make the intended improvements to the property, or, the "parking" arrangement can be part of a Reverse 1031 Exchange where you acquire your new replacement property first through the parking arrangement and then make the intended improvements to the replacement property before you sell your existing relinquished property within the 180 calendar day exchange period.  

A buyer in a Sub-2, wrap who is in title can encumber title without the consent of any underlying mortgage holder, if that subsequent lender is willing to loan behind the existing financing and the borrower is in title.As to what you're saying my point was, can't make heads or tails out of that, which contract?

Subsequently, my Buffalo property went up in value while all of my CA properties lost 1/3 of their value...so it was useful at the time. 

If I qualify for one line, will that make getting subsequent lines difficult or impossible?

Anyone have any experience in or thoughts about this type of enterprise?  

Hey Drew, we use the following softwares for STR management:Hospitable - PMSResortCleaning - Tracks cleaning schedule, notes, and photosPriceLabs - Sets our pricesRemoteLock - Tracks the battery life and connectivity of our smartlock infrastructureGoogle Enterprise - Most of our company operations happen within Google, helpful for live collaboration