However in my findings and talking with attorneys AB 1482 clearly allows for the owner to serve just cause termination with owner intent to occupy. section (e)(8) is a little confusing reguarding the ownership of the property not being held in a LLC or trust, but as I do not have a LLC it looks like I am able to serve notice to one of the units and move into it which I plan to do.  60 day notice and relocation assistance equal to one months rent. 

In California 'ya know PG&E downed power lines caused fires.So there's those three things to ding the value. 

Having grown up in Willimantic (you'll laugh if you know the area), I wouldn't quite classify it a slum, but definitely not my ideal place to raise a family.My question is this: I am highly interested in the BRRRR method, and there are several multifamily properties in the "slums" that I am interested in.

This is especially ideal for spec homes as these are popping up all over Florida right now and being rented out.

Ideally you will be looking for a similar property and square footage (if the house you are looking to buy is a ranch of 1,000 sq.ft you want to find a similar ranch house that just sold and you can use that sale price as your comp to determine the ARV.The other important number on the 70% formula is the rehab budget (repairs).

I’ve created E Major Property Investors and I’d love to connect with like-minded people, local investors, agents, brokers and lenders as well.

@Hannah Burch Ideally in the next few months!

What are the top ideal property types you want?

We're so close to aligning on purchase price, the owner just drives a hard bargain (not the ideal motivated seller but a good acquisition nonetheless).

The property could use some light renovations so ideally the tenants will move out so the investor can put some work in and add some value.