Hi everyone, I was wondering what are some typical problems/ things you budget for based on the age of the house when renovating.

Typically can't sell to family unless if it's a reverse mortgage.

Article can be found herehttps://www.eastbayexpress.com/SevenDays/archives/...The City Council Minutes from the meeting can typically be found here, though for this particular meeting, on the 17th, have not been made available yethttps://oakland.legistar.com/calendar.aspxI wanted to help bring some attention to this as house-hacking is such a huge conversation here on BP and was the only way I found that I could feasibly invest here in the Bay Area.  

I've seen that the asset management fee is typically 1-3%....of what? 

They typically involve a requirement of a specific minimum credit score, maximum income, maximum purchase price, maximum debt to income ratio, and a requirement to take homebuyer class. 

I'm looking for tips, best practices, a lease/document you use, do you typically shoot for 6-12 month leases or just month to month from the start?

We have never put money down until this last 16acres we just purchased to build 6-8 4plexes on..here cost to build for a customer would be $375-400k per 4plex, each 4500sqft, 2-3br/2bath and 2-2br/1bath.. we currently have 14 of them..and are 100% occupied, we normally have 1-2 open but typically fill very quick.

In the SF Bay Area it's expensive so lower wage earners typically commute into the city and can spend up to a few hours each way doing so.

@Igor Messano Thanks for the clarification...there is no constant here...you're in the hands of the association...typically most condo owners simply own what's between the 4-walls...failing structure has nothing to do with you, but at the same time it has everything to do with you.I think this is just a step-by-step path that you are already venturing down.

Keep in mind, with each draw you have to have the funds wired into your account which is typically about $200-$250 per draw in my experience.4) Can you describe what type of things could go wrong with GC financing?