I'll stay in touch.

Ok, great, but the troubled loans in his portfolio won’t be able to refinance into GSE debt without massive cash injections by the borrower because agencies are topping out at 60-ish LTV (current value).I agree with you that there is an opportunity here—but I wouldn’t want to touch any of this bridge debt unless bought at a very steep discount, and so far those trades don’t seem to be happening.

@Peri Reischel I think some key topics to touch on is that we have the highest bankruptcy rate since 2008 there's a new survey out that says 26 percent of Americans are paying 50% of their income for rent.

They were good about getting in touch with me for the docs they needed to get things going and  setting up the LLCs. 

I have called 311 with a couple of code enforcement/zoning questions, and they have always been able to put me in touch with someone who could answer my question. 

You may think you wont touch those assets but what if you want/need to sell off one property out of the group?

I get the feeling that the city sincerely wants more housing and they are trying to make it work for folks.Feel free to get in touch if I can be helpful!

But I think Ty touched on it a bit and that is that you'll ultimately have to figure out what is important to you.

As a first time investor, I'm thinking to replicate those existing houses (with little bit of my touch) but wanted to ask what would be the pros and cons in terms of competing with existing STR's in the community?

DSCR doesn't touch cannabis, there are some funds who do.