Wasn't my original intention, but just the direction life haad us go.

Senator weinkowski explicitly states that the state wants to guarantee that safe units are not removed from the market so there is no doubt the intent of that section of sb13.  

The deal fell apart, and not only did we lose the $5,000 assignment fee, but we also lost the $5,000 we had loaned to the sellers, who admitted they knew about the second loan but never disclosed it to us.When we asked the sellers to return the money, they told us it was already spent on Christmas presents and moving expenses, with no intention of repaying us.This experience was a painful wake-up call.

You are intentionally trading time for money to make the numbers work.

I am declaring primary residence but will live elsewhere as my lender only requires "intent to move in by 60 days" with no proof of move.Three units - $4200 rent income1st unit (3 bd 1 bt, ~1000 sq ft) is currently vacant, previously rented for $1600.2nd unit (3 bd 1 bt, ~1000 sq ft) rented month to month at 1050. can get $1600 as well.3rd unit (2 bd 1 bt, ~800 sq ft) rented for 1000 until April 2025. can get closer to 1200-1300.

I just think that bad policy can limit supply, driving long term rent growth and long term housing price growth - the opposite of their intent.

The insurance agent told me that insurance does not cover intentional tenant damage; it is for "accidents" only. 

." - Samuel Johnson This post is intentionally short. 

I've also talked to multiple CPA's on this topic and they explained how you have to capitalize everything since the intent is to flip it.

If your intention is to live in the property and learn while you build it.