@Ade Akingbade before you do anything you need to find someone local and competent to help you.

Partnering with Ron Rowan provided valuable local insights, making this an attractive and strategic investment for Partner Driven.

We welcome any suggestions or insights you may have Additionally, if anyone has information on the approximate cost of building a duplex and triplex in California, we would greatly appreciate your input.To provide context, neighboring properties in our area offer insights into the local housing market.

The barrier is the additional complexity - now you are operating two sets of books, and filing two tax returns, and have more operating agreements, more state registrations, etc, need to manage cash better, need to keep in constant mind that your rents need to be a supportable FMV, which may require getting third party certification on your rents so that in the event of an IRS audit, what you have done is supported.In short...the size of the project, and the taxable income, need to be of enough scope to make all the additional costs and annoyances worth it. 

Be sure to study up on your local rules and regulations and make sure you're comfortable with it all before taking this on.

The law also creates a landlord liaison position at City Hall.Effective in six months (I believe this to be July 1, but I haven't found an exact date anywhere.)I thought this was important to share, as many of the local investors I work with in the Kansas City Metro have very strong feelings pertaining to this ordinance, and are making very serious decisions pertaining to where they invest in the KC metro.Let me know if you would like me to email some brief slides explaining the ordinance, or if you want to read the actual ordinance in detail.

In-person local meetups are the best and they for sure have some near you.

Of course these events can happen in A++ buildings and cities, but to me it seems more prevalent in cities like Springfield.- Very low appreciation unless there is a large market shift -- major new employer, city takes many housing units offline via eminent domain, a college greatly expands without additional housing, etc.The list goes on.

I would highly recommend reaching out to your previous tenant regarding this fraudulent activity and if legal action needs to be taken, we recommend you use your lease as you seek local legal assistance to recoup these funds owed by M*******.”I then replied with the following and never got a response.

Talk to the person who sold you the deal initially to see if they have a recommendation for a lender (local bank, credit union, DSCR guy, or Hard Money).