Here’s where I need help: How can we best set up the SFH initially to meet both criteria?

“We need to rally around increasing supply.”Lofgren said his group fears the local measure will pair with a proposed statewide ballot initiative to repeal the Costa-Hawkins Rental Housing Act, which limits rent control to properties built before 1995.

It cost around $185K, and as a vacation rental it generates $60K gross per year on sites like Airbnb. 

I have been trying to generate a strategy to acquire properties through tax liens.

What creative income generating thing could you add on the property, to cover for the extra payment? 

I spoke with a loan officer that I worked with before and wanted to relay some additional information to see if that generates different advice.

My only initial concern is the amount of people coming and going/upsetting neighbors potentially with babies crying.Should I be worried about anything else?

@Carolyn Keller I would have asked for an adequate security deposit when they initially moved in.

The payout is usually 15%-22% of the initial GAP investment (although seen others as well).

Hello Bigger Pockets Community,I wanted to share my experience so far on a fix and flip that has gone WAY over our initial budget.