That's not a guarantee - some of those people may be breaking the law too - but it gives you a good idea where to start. 

Accepting any payment will make eviction more challenging but some states/localities prohibit you from refusing partial payments, so you have to know your local laws.

It's good practice in making the calculations needed to decide whether or not to pull the trigger on a potential deal.You soon learn that starting off as a Doctor is less advantageous than starting off as a Janitor, because the game presets your income and expenses based on the job title.

Your neighbor s as Sean mentioned, have a lower tax bill likely due to the fact that they live there and there are laws that prohibit the tax assessor from raising the property values more than 3% per year when it's your primary residence okay, it's also fairly common for your tax bill to significantly increase in the tax year after you purchase it.

Hi @Erin Colbert,The law requires owner-occupancy of either the newly created JADU, or the single-family residence.

My family is in SoCal and my in-laws are in KC.

Most other cities in LA county have similar tenant laws as OC. 

I just wanted is sue a warning against one such company - due to the egregious manner in which he exercised his predatory practices  - in the guise of a legitimate company!!

Best part is NJ is not what its made out to be in terms of landlord friendly, the state gets portrayed as the entire state being bad when really most wacky laws are in the major cities and they apply to 5 units or more.  2-4 unit multi families fly below radar per say. 

@Luke H.If the buyer is living in the property now it’s a consumer loan compared to a loan to an investor and will kick in a lot more regulationsYou can’t do a balloon less than 5 years, need to have it serviced by a licensed servicer, will have to go by interest rate usury laws, collect escrow…..I would not loan on this property to an owner occupant