Hey BPWhen looking at doing a househack on a Duplex- how do you typically apply the 2% rule and the 50% rule?

How interest accrues (typically it is simple interest per year)4.

Cap rates will be below 8%, usually 6-7% however the quality of tenants will typically be higher.

I would like to get any feedback or advice from real estate investors (especially in California) about the buying process, what to expect, typical costs etc.  

I would first call the local credit unions as they typically have the most flexibility and you can build that relationship for future deals.   

They're typically not involved in any of the transaction, so it only applies if you are a broker in your own transaction - which I am not.

But because they require you to use 212 loans within the first 48 hours you typically have to move fast.  

I'm guessing there is no lease so this situation is a little more complicated than a typical eviction which is generally because a tenant isn't paying rent or abiding by terms of a lease agreement.  

The property cash flows very well right out of the gate and we will update kitchens as well as perform some value-add features as the money allows.

They typically keep a record of the good contractors in that area.