My deal is to offer a house seller-financed until the balloon is due in 5 years at which point, I either give the deed to title to record upon final payment or we're all done and they move on or renew - push the balloon out further - for a fee (non-applicable to the principal), on a 30 year fully amortized loan. 

My deal is to offer a house seller-financed until the balloon is due in 5 years at which point, I either give the deed to title to record upon final payment or we're all done and they move on or renew - push the balloon out further - for a fee (non-applicable to the principal), on a 30 year fully amortized loan.

My deal is to offer a house seller-financed until the balloon is due in 5 years at which point, I either give the deed to title to record upon final payment or we're all done and they move on or renew - push the balloon out further - for a fee (non-applicable to the principal), on a 30 year fully amortized loan.

However, I started in on the first application and have to select either single or multifamily.

I ended up receiving 50+ viewing requests and 15-20 filled applications for a single unit.If you are able to force appreciation/value addition, that might be a worthwhile project to undertake.

Some neighborhoods you can get up to $5,400 a month for 4 bedroom SFH's in somewhat affordable parts of the city like inland Carlsbad, Mission Valley, and Tierrasanta.Do you think Section 8 is worth the extra effort in terms of government red tape and delayed inspections versus house hacking a SFH and renting out each bedroom instead?

@Kyler Lee:Pros:A-class property should command top rentsVery low CapEx and maintenance, at least in the beginning.Building right can lower operating costs.Cons:Nearly impossible to make the numbers work due to the high cost of land and laborTons of red tape with P&ZNeed to work with a very experienced GC, which eats profitsUtility hook-ups can make the costs prohibitive for a rentalDifficulty getting financing if you (or a partner) doesn't have direct, relevant experienceNo cash flow for the entire construction period requires larger up-front reservesThere's a reason only really see SFH or large MFR being built in most places.

I personally just use a state specific application, verify everything on the application, then do a formal screening through rentprep.  

But so far I’ve only had 4 inquiries and 3 tours and 0 applications.

The only problem it is still the beginning of the year and the new laws have not been really tested in CA as gar as number of applications and speed of approval.