Since you are based in California, do you know of any good CPAs who are geared towards real estate investors ?

This is anecdotal information based upon the interviews I’ve had with operators across the country.

I understand why carriers associate Condo/PUD construction with greater liability risk (I am sure being based in Philadelphia, a jury friendly city doesn't help either) but curious which carriers others are finding to price coverage without this exclusion and also price the coverage competitively.This also serves as a reminder to review the coverage when you hire a GC for more substantial or unique construction assignments. 

All you have to do is look at the better business bureau complaints and the continuous instances of predatory billing practices to know how much they care about their customers.The 5 star reviews are a sham.

Quote from @Sandra Morrison: @Shannon LeckingerI have STRs and LTRs - your condo will be possibly more of an appreciation play but you can’t pay bills with appreciation.

Even with that, I think we will still be way ahead. 2 bed, 1 bath, 1200sq/ft, detached 1 car garagePurchase Price: $38,000Repairs: $20,000ARV: $96,000 (based off Zillow, but a local real estate agent thought that was pretty accurate)Mortgage: $430Insurance: $55Trash Included: $25Rent: $1,000We are now going through applications for our first tenant. 

However, based on your timeline, it seems like your decision may have already been made.

If a single-family owner-occupied property is worth $400,000 - I wouldn't invest more than $280,000 (70%) in a note secured by the property.ITV takes priority over desired yield - so even if the note discounts to $350,000 based on desired yield, the investor still won't go beyond their maximum ITV. 

@Brian Shurtleff, of course, is way off base - not even close.

I think we will see more "adult" families living together...kids move back in or parents move in with kids.The traditional apartment model was based on 12month leases, but jobs are not always 12 months and people want flexible terms, so co-living often offers that.Seems like younger people between 20-30 and some other age groups don't want to get married and start that housing pathway our parents and grandparents took.