Pay Attention To Your Credit Score Although we don’t have any income requirements, we do want to know that you are on solid financial footing.

Pay Attention To Your Credit Score Although we don’t have any income requirements, we do want to know that you are on solid financial footing.

Given you have experience with house-hack it may be a good option to look elsewhere.I'm also curious as to whether you are considering other creative options like short-term rentals, mid-term rentals or working on projects that require more rehabs.Best of luck!

Since LA has banned STR for more than 90 or 120 days, requires one to live in the property for 9 months or so and ADU's or guesthouses cannnot be used as STR, how does a host pass the Material Involvement test?

Working with distressed homeowners requires grace and patience. 

You’ll likely have a lower down payment requirement (I am sure you will but as an attorney I am always skeptical of making and relying on definite statements, especially where I don’t know all the relevant facts). 

I'm not sure if this is always a requirement or recent due to legislation against steep rent increases.

The fix and flip loan will either more expensive, a higher rate, or generally a bridge loan without rehab (it may also require more down) in most cases. 

Keep in mind, you are only required to live in that home for 12 months...but you may not be able to move your family every 12 months either. 

They also assured me that is not required, with endorsements for STR effective on the policy