Accepting any payment will make eviction more challenging but some states/localities prohibit you from refusing partial payments, so you have to know your local laws.

The cities laws make landlord very difficult for raising rents and evicting tenants. 

People trying to “wholesale” who lack knowledge of real estate principles, real estate law, the local real estate market, the market for the property type they’re trying to wholesale, etc, CAN NOT WHO;ESALE ETHICALLY no matter what they do.  

Most other cities in LA county have similar tenant laws as OC. 

Many will also require a third party due diligence report from a company like Mick Law or factright (which they run around $30-$50k). 

Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.

Deposits from the tenant.Security deposits from the tenant in residential dwelling units shall be deposited in a trust account with a licensed and federally insured depository institution lawfully doing business in this State or the landlord may, at his option, furnish a bond from an insurance company licensed to do business in North Carolina.

Your neighbor s as Sean mentioned, have a lower tax bill likely due to the fact that they live there and there are laws that prohibit the tax assessor from raising the property values more than 3% per year when it's your primary residence okay, it's also fairly common for your tax bill to significantly increase in the tax year after you purchase it.

That's not a guarantee - some of those people may be breaking the law too - but it gives you a good idea where to start. 

Hi @Erin Colbert,The law requires owner-occupancy of either the newly created JADU, or the single-family residence.