Key factors behind the delay: // Tribal Notification Process · Adds mandatory waiting periods for responses and negotiations · Can disqualify projects if no agreement is reached // Extended Review Periods · Requires additional steps beyond standard permitting · Slows approvals but doesn’t always block development How SB-423 Benefits Real Estate Agents and Developers SB-423 streamlines approvals for multi-unit housing in qualifying areas by extending and modifying SB-35.

I'd like to gain a deeper understanding into the key factors investors consider before committing to an investment property.

It cuts work and stabilizes revenue.Your background checks are a smart move—safety’s key.

Hey Isaiah,Exciting to hear you're looking at your first rental.A few key things to consider:Financing: What loan options have you looked in to?

Closings with NACA buyers can take longer due to their extensive approval process, so patience is key.

Are you looking for turn-key properties or something along the lines of a "fixer upper"? 

Real estate investing can be highly rewarding, but effective management is key to maximizing returns.

Here are five steps to get you started:𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗞𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲: Understand the basics of lease options—how they work, key terms, and benefits for both parties.

Here are the key details:Property Type: 5-unit mixed-use building (2 retail, 3 residential)Asking Price: $5,200,000Building Size: 4,526 SFLot Size: 1,573 SFAir Rights: 4,939 SF availableLocation: Prime area, corner lot, close to public transportation and major attractionsFinancials:Total Annual Income: ~$359,305Net Operating Income (NOI): ~$278,686Existing Debt: $4.375M @ 4.28% (assumable, maturing 1/2031)Rent Roll:Retail tenants with leases extending through 2024Residential units are all 3-bed/2-bath, free-market, with luxury finishesI’m trying to figure out how to best analyze this deal and determine if it’s worth pursuing.

If you don't have a clause and there is a valid lease in place you more than likely have to honor the lease unless you can come to an agreement i.e. cash for keys.3.