I think a "controlling interest" would be just as much or more of a concern to a lender as an "equitable interest".I'm unclear on California law as there is much mention of land contracts and installment sales in the codes (and that they are considered transfers of interest), but I can't find anything that defines an option to purchase and how it relates to transfer of interest.

They are a very small company, which I would think would be a good thing for building relations.

I'm glad to have someone analyze and make me think outside the box.I know there is town water in the area now definitely.based on a relatively fair comp analysis, (how close, similar size) it appears to be closer to $150 per sq.

Thanks Matt - I don't care if they are related or not.

I am relatively new investor.

Objective of the group is to meet in person & "mastermind" over lunch.

I'm relatively new to BP, so I don't have that many success stories just yet, but here's a teeny tiny one.

For hazardous waste removal and other junk fees.My rule of thumb these days is to allow -20% profit on a major systems job (roofing, AC replacement)-$2-$2.25 per sq ft of fooring (Tile Hardwood)-$175per day/$25 hour/ per man for painting and handyman workI guess if a plumber can get $500 an hour then more power to him, but hes not getting that from me.And I can relate to your plumber story.

Being a relative REI novice, I'm appreciative of BP's forum filled with so many experienced investors willing to assist.

Is the break in the title chain deed related or mortgage related?