Lastly, 1. depending on where the property is located, you might be able to raise rents and still be inside the rent cap. 2. if the property currently has debt, most Agency debt have restrictions that survive the LURA and may further impact you ability to take the property out of the affordable housing stock. 3.Are you under and HAP agreement?

You get the risk/reward of making improvements and raising rents, plus the upside of increasing value beyond the sale price. 

The current rents are below market value and I plan on raising rents up to market value to add equity to the property while it is under my lease option period (similar strategy to a master lease option...).

Non accredited to raising money from other non accreditors.Is this possible in California.

If you're studying for your real estate test, there's some great online schools.

Also they can't test the air conditioner at any temp under something like 45* F.

., I'm born and raised in Oly and have a lot of family there.  

And when someone raised their hand with a question, he would ask that it wait til the break.

John, since it is going to be very hard to get accurate data on each test deal you are analyzing, I would focus on the process and standardizing your expenses.

@Michael Le Thank you.I believe it is a C+ property with rent raise potential by 50/unit per month.