Definitely a focus area from lenders, conventional or otherwise - theres been a reported uptick in occupancy fraud or funny business lately as rates and values have continued to be so high and qualifying so tough - people are more likely to bend the rules on stuff like this - so this is generally the lender response

A lot of people are moving out of California because of the pandemic, lack of economic support, and high taxes/cost of living. 

tougher than advertised. there is lots of competition for deals; good contractors are booked up; materials are expensive; and interest rates are high.

If you're confident in your abilities and have the necessary time and resources, taking on the role of your own GC can be highly rewarding. 

You don't need to, especially on deals that just make sense, but it's a good inclusion if you already have your underwriting model in Excel or gSheets because you can use all those variables, once filled out, to auto-populate various Sensitivity/Stability Analysis charts.Here's what I have for Multifamily/Rentals (all auto-populated from the model):On Fix & Flips, I only include the ARV Stability/Sensitivity Chart (this is the entire model, stability analysis at the bottom):Since having these built out, it's something I mostly just glance at after underwriting to make sure everything looks good.

The only way the seller is getting the property back is if they (1) recorded a mortgage/deed of trust in connection with the subject-to transaction, (2) properly foreclose on that lien, and (3) become the high bidder at the auction sale.

I wish it were that easy to find nice houses in decent neighborhoods that aren't priced sky high.)

Furnished for around $15,000 and pulls in an average of $1,000 profit a month with super high earnings coming in February-April.

There are programs for foreign nationals that allow for financing as high as 75%.  

.- Properly / thoroughly screen the tenants, which increases the likelihood of a bad tenant and damagesNow, it can be done, but if you aren't even sure of what the industry costs are for PM services, I highly doubt you are currently skilled enough in the area to risk doing it.