Quote from @Bear Geiger: @Cliff H., been using PayHOA for about a month and a half. 

However, the seller's rehab estimate included updates I don't think is necessary to take care of right away (extending the size of the master suite, knocking down non-load bearing walls, and replacing all the flooring even though there's nice hardwood floors across most rooms).

Eventually the city will increase compliance to make the city "safer", and the investors will bear the cost. 

We self manage 1000 miles away from our home so this has no bearing on me. 

For the cities that have implemented the amendments, this has resulted in changes where neighborhoods that were only zoned for single-family homes can now have fourplexes or townhomes built, and it is significantly reducing red tape around the parameters of where larger multi-family buildings can be developed.While the changes will provide ample opportunities for developers, existing residents in the neighborhoods may bear the burden of the ongoing construction and increasing population once the units are built and rented out.

FBN is VC-backed, so they have other interests around that lending-relationship to monetize.I’m curious if this type of sole-investment attribute at $50,000 fits in a passive investor’s $20MM portfolio for a little diversity/exposure.Historically a Treynor Ratio improvement, though I don’t even know if the $20MM portfolio does Treynor assessments.Loose parameters above, naturally.Thank you Scott I can not speak to what the Market may or may not bear. 

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.

-Flooring (can you replace the ugly carpet with LVP or a new carpet before you leave)-layout (learn to look for walls that are likely not load-bearing and see if you can change the layout).

I reached a point where I couldn't bear sitting on the sidelines any longer.

The MTRs that I found can bearly cover mortgage payments.