Partner Driven was attracted to the Seattle Street deal in Modesto, CA, due to its potential for a solid return on investment with minimal renovation costs.

Acquisition costs are low, so easier to generate good yields.  

I would ask around and get quotes on how much (cost-wise) damage was done.

What I appreciate about President Biden's proposal is that it reduces the pressure on local High Cost of Living (HCOL) governments to institute their own schemes. 

In terms of maintenance cost and liability the PB Court is a no brainer.

So 560k loan  700- 140 = 560  X  15% =  79k in holding costs for one year.. so poof there goes your equity..

In person its a place I could see maybe doing an investment or two in but its not where I really want to set up shop (I mean that literally; set up a home and also set up a wood shop - so I can build custom cabinets and stuff).If Santa Cruz, CA ever goes on sale then I'll go there and suck it up with CA laws and cost of living, but for the foreseeable future it is not even a remotely viable option; I looked at a fourplex there generating $10k in monthly income and priced at $2,700,000. 

Hi Everyone,Wanted to know the best way to do this real estate transfer/deal.My wife's parents own a rental property free and clear in an LLC.

So, they don't want it but even if you say ok, it'll be worth it due to the costs.

Aside from the cash-refinance cost itself)3) Does this mean the new mortgage (30-year conventional for the apartments) be based on the $1.8M with new interest rate (at the time), etc.?