My main concern there is around property management, but that's a topic for another day.In the meantime, we've been renting our spare bedroom on AirBnB and have netted anywhere from $200-600 per month.

The assessment value here is based on a municipal assessment that is used for taxation purposes.

One thing that I think trips people up is "purpose of loan" also determines LTV limit, not just occupancy.

Any other time to target (Spring to early summer) or is the main goal just to lock in a good deal and take it from there? 

Hi Cole,Yes, 1-3% acquisition fee; 1-3% asset management fees are the main fees that syndicates charge and are industry averages. 

What is the purpose of that product specifically? 

I haven't contacted the main CPA/company owner yet as I wanted to digest the situation and consider all of the thoughtful replies here.

Property Owner Name,If you were to ever consider selling your property at 1234 main street.

Skip to cliff notes for shorten version, numbers, and main question if you don't feel like reading a long post. 

Because when you try and sell 123 Main St. which is a 3 bed 2 bath house on Craigslist without a RE license you are violating CA business and professionals code.