. § 121(b)(5)(C)(ii)(I)].

More CA specific info here - https://expressevictions.com/c...And this one says tenant must prove both that you accepted the payment AND did not notify them that partial payment would be insufficient.https://www.justia.com/trials-...So, post a new letter and include language that partial payments are not sufficient (and maybe put the legal phrase "accepted with reservation" that some other states require, as well).

I would double your Capex, Vacancy, and repairs %s but other than that the numbers look great to me (assuming this is a C+ neighborhood or better.)

Property specs: 920 sqft, 3 beds, 1 bath, year 1960Needs: new floors (currently Spanish Tile 12x12), full bath remodel (last updated 12 years ago, all white subway 4x6 tile), needs new roof, needs landscapingThe kitchen is about 7 years old (cherry wood cabs, black/white marble countertops), A/C 2 years old

@Eric C.

At that amount you’re looking at purchasing a property in a C- neighborhood that will be difficult to manage.

Is it a C class but the manager was a B PM or vice versus?

4.5% new construction/ commercial multi. 5-5.5% b-c class duplexNot a lot of value add available. if it's on the MLS be prepared to buy at these caps and needing to be the highest and best offered.

Or should I set up a 506 b or c offering from the start even if I don't plan to raise money for quite some time?

I initially thought that 35816 was a Class C- area but there are certain neighborhoods in this area which are solid B.