I am forced to agree 100% with this.

If the city believes the unit was rented in the past, they will force you to legalize it as they no longer offer demolition permits and San Francisco's ultimate goal is to increase housing stock.On a side note, you can read more about TICs as an investment strategy by searching the BP forums.

@Ivana Ivanovic most Turnkey Companies took advantage of the drop in prices after the Great RE Crash in 2008-2010.While values plummeted, rents didn't, allowing Turnkey companies to buy properties relatively cheap, fix them up and still sell at a profit due to relatively high rents.Around 2016, they could no longer do this with Class A properties, so they moved to Class B.Right after COVID, they were forced to move to Class C properties.What do you think most of them are doing now to justify selling at profitable prices for themselves?

Trump was hit with the FULL FORCE of the covid pandemic.

If a house doesn't pass, the city is forcing you to allow a tenant to stay in an unsafe house until it's been remediated.

For wealth generation to me its all about appreciation organic or forced.

I’m active duty Air Force with four properties.

Investor Consequences: Deferred Maintenance: Reduced rental income might force some investors to cut back on repairs, leading to property deterioration over time.

You still can’t really force them to close but at least you can keep their EMD.  

This is what me and my team specialize in.The benefit to this is you're generally forcing some value to create equity.