It sits on their credit report for up to seven years. it's a warning to other landlords and prevents them from qualifying for a home loan, car loan, or credit card.I've had some tenants sit in collections for years, then pay everything they owe because it was stopping them from doing something.You should consider a new PM.

Will the area demand a higher rent if your apartment is improved to those standards or will you over do it on the upgrade and not be able to get what your apt should go for due to the area.

It was intended as a fix and flip, and our original exit strategy was reached. we bought with hard money then did a refi to convential because repairs became drawn out and rented for some cf to by is time. we ended up selling for 405,000 and our loan balance was 235,000.

Would like to add some value for “subject to improvement” appraisal to pull equity.  

You can also usually get a conventional loan with more favorable terms if you are living in the unit for at least a year. 

Quote from @Mark Prather: I continue to get emails from Steve Mayer of Finance holding Company, but he keeps wanting me to pay a deposit + his 2% origination fee upfront...seems like a scam and wanted to see if anyone has done business with them in the pastI don't know Steve Mayer of Finance holding Company.I do know that no lender should be asking you for an origination fee until they ... actually originate a loan!

Market OverviewThe Los Angeles hospitality market showed strong recovery and growth in Q1 2024, with key performance indicators demonstrating significant improvement from the previous year.

Hi Riyanka.While I reserve my top shelf contractor info for my clients, I'm happy to provide 3 hard money options. 1 warning- it's normal for most hard money lenders to quote a higher LTV upfront and then drop it, later, increasing your required cash in the 11th hour- so I recommend you pursue 2 at the same time.Ken Ketter, at the bottom, is the most LTV-stable hard money lender I've worked with in several years, but typically their loan money is dispersed/out- you may get lucky and they may have funds available.https://capitalfund1.com/https://www.hardmoneylendersarizona.com/Ken Ketter 928.853.5339If I can help with consulting in other ways, just holler. 

Some HOAs will limit the units that can be rented ...connect with a condo specialist  realtor and you should get a good idea of whats possible ...if you will need a loan - get pre approved ...loan pricing for a 2nd home is  similar to pricing for a rental property

The low bids likely don't account for the entire scope of work required to design, permit and build an ADU, including requisite utility upgrades and other site improvements.