While we are waiting for the ADU to be built and to obtain our first multifamily property, we are going to start renovating his current house to make it ready to rent out.

Additionally, I own an adjacent parcel with 5 acres of coffee and have obtained permits to operate an agricultural tourism business there, with entitlements to build two more dwellings.The estate is situated within a gated community, and while it’s a remarkable property with a lot of unique features, I’ve encountered some pushback from the neighbors, which has made me reconsider my position here.

The more experience you get, the better terms you are able to obtain, and the process is often easier and faster. 

Additional relevant provisions in the contracts:"Title Evidence and Insurance: a title insurance commitment issued by a Florida licensed title insurer, with legible copies of instruments listed as exceptions attached thereto ("Title Commitment") and, after Closing, an owner's policy of title insurance (see STANDARD A for terms) shall be obtained by the Buyer. 

So a good COC return is a lot easier to obtain when using leverage. 

I explain the eviction will impact their credit score which will impact all loans and their ability to obtain nice housing in San Diego.  

Due to the location (southern LA) the only property insurance I could obtain is through the state's FAIR plan, which does not include liability.

Hi Greg, You could entertain keeping the property and pull some equity out of it to use as funds for down payments on future properties to purchase. 

If you obtained this from due diligence, then you must understand this form is generated from data.

I am happy to answer any questions regarding real estate, investing, building, buying, selling anything you can think of  regarding real estate.Regarding mortgages in Bocas, it is very difficult to obtain but not impossible.