As for the SBA 504 loan, my lender indicated that as a “high” number and said it would drop once we got the ball rolling on the loan.

@Nikki Poliey hi I’m also a new investor with a fair amount of capital living in westchester and looking to get the ball rolling using BRRRR in the areas mentioned.

Talk to the board to make sure that they know you are exercising your ownership. 

BUT California will exercise a hefty franchise tax on each child series you create--$800 per child series as you noted above. 

Is there something they completely dropped the ball on?  

It is understood and agreed that no failure or delay by C&W or the Seller in exercising any right, power or privilege under this agreement shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or future exercise of any right, power, or privilege hereunder.

The Price-to-Rent ratio is something that is becoming more top of mind, but I'm not sure where these markets are, or where they might be 3-5 years from now.Any crystal balls out there? 

My first deal was in the 90s, and hubby's boss bought his in the 1980s.There is no "rate crystal ball," but we can look at past cycles.

Yes, the price of $30k to upgrade your service and rewire your house is in the ball park of what a licensed electrical contractor would charge.

The few times that he has made offers, they've always been low ball offers, nowhere close to asking price.