11.What reserves do you require per unit?

These numbers include CAPEX and reserves at a conservative level3.

@Shaun Weeks that's about what I figured, thanks for confirming.

I think the only way is to refinance and qualify for the loan using your own DTI/ reserves and/or pay off the current loan.http://law.freeadvice.com/general_practice/contrac...

Before buying, you should always have a good sense for the rental rate and the three renters should be able to cover the mortgage as well as your cash reserves for repairs/capex.Another thing you will have to find is an agent who is willing to work with investors, and that often means submitting many many offers that are considerably below list price.

It did not require an appraisal and measurements were not included and there was no disclosure that buyer need to order measurements to confirm square footage of living area.Unlike other municipalities, Malibu, California uses a different metrics where garage and spaces can be included in the primary residence areal size.In this case, Horiike used a buyer agent and another listing agent both are from Coldwell Banker.

That should mean lower maintenance fees or higher reserves. 

Hey @Raquel PeaThanks for confirming that information, and referring me to those books!

This was confirmed during my discussions with Hagerty.

That's cashflow negative while you're living in it once you factor in repair reserves, which is exactly my point...it's not really possible to house hack a duplex and come out ahead on cashflow in most markets.