That code section states:(1) “Prospective owner-occupant” means a natural person who presents to the trustee an affidavit or declaration, pursuant to Section 2015.5 of the Code of Civil Procedure, that:(A) They will occupy the property as their primary residence within 60 days of the trustee's deed being recorded.

Do not allow the seller to return for personal belongings after the close without some type of documentation on when they would have everything removed.

Benjamin Franklin once said that "if you want something done, ask a busy person."

Hi all,I am looking at a potential rental acquisition where the home contains a garage conversion into a room and it is unpermitted.Note that seller has not included this room in the sq footage and i am not purchasing it with the assumption of conversion to permitted.If i were to buy and turn into a rental - is there any liability to renting it out with that unpermitted conversion?

I have known them to let things slid plenty of times if with some Q&A it comes apparent a person knew what they were doing, used good correct practices.

Essentially, I want all cash flow/expenses to be flowing in and out of a business account rather than my personal bank accounts. 

If you need liability coverage only, you can get a personal umbrella insurance policy from most carriers, likely your current property insurance company would be the one I'd start with.~ Lindsey

You don't want to go nutz making all sorts of changes based on a brand new listing with few reviews.I think you are getting some great views and hopefully you will get some good conversion moving forward.

Check with city building dept. to see if any past building permits were issued, maybe for the conversion to 2 family.3.

Any info, insight, or personal experiences in regard to hard money lenders and/or rehabbing before refinance would be greatly appreciated.