Good call on the money going down the drain while paying rent.Lakewood is a popular city and rental demand is very high, rents are increasing rapidly.Good luck!

Does anyone know if the market in San Bernadino is increasing or declining?

Once certain terms of the note are changed such as maturity date, balance or an increase in payment the modification is considered a new extension of credit and is subject to certain regulations which govern the extension of credit.- The creation of a new "note" would mean the satisfaction and release of the prior security instrument.  

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The rates are higher still but as you increase your investor maturity profile and have multiple SFR's you most likely may end up getting a portfolio loan. 

These aren't necessarily agents associated with that property, but you can see on that page how many recent transactions they've had and a customer rating, and click through to their agent biography. 

I do understand that when / if the assessed value increases, so will the property taxes. 

For example, I can work from anywhere and have customers in Texas, so in theory I could (and would) spend half my time there if it meant the ability to start things in real estate.

In speaking to the PM company, I was told that the delinquency on the 12 month P & L tracked the monthly change in delinquency; if we started the month with a delinquency of $1000 on the first and at the end of the month it was $1500, only $500 would show up for that month's delinquency and the overall delinquency balance increases.

If you can increase the income through a legally zoned apartment you will increase the value of the building not just your cash flow so its at least worth pursuing. 1) Call your local zoning board.