Whether it's financing, finding the right property, understanding the market, overthinking the process, or something else, I am interested to hear your experiences and challenges.

I don't think private lenders would have this requirement, unless title companies encourage wet sign as standard practice.

You would need new approvals from Regional Planning and Building & Safety for the re-conversion to meet applicable single-family residential development standards under Title 22 (Zoning) of the County Code.”I asked to see the actual covenant document but was given only sample language.

I agree with Konstantin.I am not sure about CA laws (they are not very favorable to landlords from what I understand). 

Hey Jesse, with 1-4 units, it is the industry standard to value the property based off the sales comp approach, however, you can qualify the property with booking history or AirDNA with a DSCR lender that specializes in short term rentals.

Assuming I am understanding you plan.

We don’t fully understand why it hasn't dropped more."

We received the payout in about 30 days and were able to rehab the unit and get it rented again promptly.From my understanding of the situation, if the tenant did not have the renter's policy in place, our own landlord policy would most likely have covered it, but they could also have pursued the tenant to collect those damages.

I'm well aware of the challenges ahead and understand the importance of making informed decisions.

When selecting your choice, take into account elements like the local climate, your distance from friends and family, and your general standard of living.