Also, on the refinance, I would have the same question about the term of the loan.

If terms like this aren't in your lease, they should be.

It's an inexpensive market, but don't fall for cheap opportunities that look good on paper and details left out concerning the location and the vacancy rate.

The commercial units would need high credit tenants with very strong, long term leases for this to work. 

Getting into the story behind this one..This deal was sourced from a large corporate wholesaler (no names) Originally listed as 179,999 as a "wholetail" deal with an "ARV" of 250,000 I walked the house and estimated it needed little in terms of repairs, though I knew a realistic ARV was between 215-230 However, there were tenants in the house without a lease agreement with the current landlord.

If this is a primary, you will have a good rate/term with a local bank/CU.

The Fed recently adjusted its short term projection to one quarter point rate drop for 2024, though it had earlier predicted as many as three drops.

Now, I have a portfolio of Short Term Rentals and Long Term Rentals.

Purchase is secured by a long-term escrow with no cancellation.

Not to discourage you further, but CA has so many little intricate details to running a business with lots of extra taxes or fees.