Properties on the east coast and west coast double every 7-9 years and mid-west 12-15.. so if you are planning to hold this till your golden years and have a 30 year plan the property will double and double... essentially making it worth over $700k.. and dont forget a tenant paid the debt down to $0. so now you have an asset worth $700k ( I am not good with math so I am sure someone will tell me my numbers are off, but lets just say "A Bunch of money") that you owe nothing on.. 

In California, landlords may charge any or all of the following:Pet security deposit (although this is essentially the same as a regular security deposit)Pet fee (one-time charge)Pet rent (recurring charge in addition to regular rent)In a typical situation, landlords will increase the security deposit and add pet rent.

So essentially paying 177k for the triplex.

Are you saying that the mental conclusion that a seller makes is essentially what determines whether or not I could get in trouble structuring a deal with them without proper licensing?

It's essentially short term, high interest money and you can borrow the purchase and the rehab costs.

You are essentially buying tenant risk, pay to inspect the physical plant, pay to inspect the contracts.

I am now looking to leverage that money by getting what would essentially be a HELOC but for an investment property instead of my primary residence.

I called the GC and he essentially told me what I had originally thought: they didn’t have a solution in mind when they drafted the proposal.

I am working on my first BRRRR and while speaking with a few local banks I just want to make sure I cover all the essentials, what are the primary questions I should be asking when working the local bank?

With all of the late fees they have paid you essentially have a security deposit equal to a year rent.