But I don't know what the appeals case is that they mentioned, but it sounds like the Commissioner still intended to bring that up as an issue in this case. 

(Food for thought)10% for Cap Ex & 5% for maintenance sounds fair and consistent with many BP suggestions.If it is value add and you do renovations, then hopefully your place will be "like new" and won't have many of those repairs/maintenance/cap ex issues early on. 

That sounds too good to be true.

Nestled on 20 acres of breathtaking natural scenery, this property offers the perfect blend of relaxation and adventure.Wake up to the sound of crashing waves and step straight out onto your private balcony to soak in the panoramic ocean views.

@Jessica Uresti It sounds like a major renovation, so you may be getting in over your heads on your first deal.But, let's talk numbers first: Can you share the financials that indicate "$400 -$900 profit a month?"

A lot of CA investors go out of state to start because it's more cost effective and lower price points, look into markets like Detroit, Kansas City, St.

Just sounds too fishy.

Sounds like a nice story with a happy ending pending, but Dave would not approve.

You could do it yourself as well if you have ready access to a fax machine, but sounds like it may be simpler for you to hand off to someone else.

Sounds like a fight not worth fighting to me.