Thus far, it looks like most hard money lenders are charging between 4 and 10 points...wondering if others have had any luck in getting lower points...If points are non=negotiable, I'd likely borrow the minimum and use my cash on hand to keep financing costs in check.Other items to note include we have excellent credit and have a large amount of equity in our home of 10+ years.

If you can answer this question for me we can further this conversation if my gains don't take a huge tax hit."

We would like to get the zoning changed to make it a legal SFH and complete the interior conversion (basically making the 2nd unit living/dining into bedrooms)Does anybody know if I need an attorney or if I can just submit a zoning change request with the city?

This gives us the opportunity to have a face to face conversation with the tenant and get an idea of what their intentions/concerns are.

Be sure to set up some Keyword Alerts for terms like "Seattle" or "Tacoma" or "Washington" so you can stay in the local conversations!

The house was just finished last week and the tenant moved back with her family, after having to pay to stay somewhere else, and pay to have all of their items cleaned before going back into the house.

Do you say okay and end the conversation or to you, gently and tactfully, say that is more than you will be able to offer and was thinking something more like $60K (So you can come up a little)?

Everyone on this site is extremely helpful don't be shy to ask questions and get involved in other conversations.

Have just a couple items/questions (really there are sooo many, will limit to two) to sum things up: -Got my "Sacramento" key word dialed in!

Some COAs will have budgets for every big ticket item that's going to wear out and can pay them out of the monthly fees while others will hit the owners with a special assessment.