Slow season in the north is that 7-month period when no one books.Here’s a great summary of this, courtesy of @Avery Carl, of the kind of numbers you can expect down south (including complete pro formas).

You will really need to know how to evaluate a pro-forma in multifamily and how you can affect the NOI and value of the property. 

I want to form a 506 b, does anyone know good lawyer in SoCal that can help ? 

They form a class of tenant that--for lack of poor life and budgeting skills--always spends above their income level and then expects everyone to subsidize their lifestyle.So, when you paint this picture of the tenants that people are talking about in this thread as being salt-of-the-earth types who are scrimping and saving for everything and choosing the cheapest packages and items, it's not even close to being true.

To purchase real estate with business credit, you need to form a "funding entity".  

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

These puzzle pieces were reconstructed before our eyes in one day by a four-man crew and small crane to form a complete tiny house.

Can they be bolted together horizontally to form a block?

I can also almost guarantee that it would permanently end your ability to function in Real Estate in any form as it would probably constitute financial fraud.

I spent 15k in legal fee's to get an opinion letter form a top law firm for my foreign clients..