A Stanford study revealed that over 75% of the ADUs built in San Jose between 2016 and 2020 did not have a permit and are therefore illegal housing units.The lengthy permitting process, high construction costs, and shortage of tradespeople are some of the factors motivating property owners and contractors to take on the risk of building, renting to tenants, and/or housing family & friends in an illegal unit.

What are your daily carrying costs and how long will it take to evict them if they dig in their heels and make you go through the whole process at the end of which you're damn sure not getting a broom swept house anyway?

Also, if you don't mind... what is the cost of this?

I am trying to find out if I can include closing costs I am paying on behalf of the buyer in my capital gains calculation.  

Do you open an account to escrow your tax costs or is there another way?

GCE is designed to protect poorly performing tenants thus, as a side effect will de-house good tenants.

Additionally, what do you consider the most effective approach for collecting the owed amount?

Buying new construction can also be a good investment because of the lower maintenance cost int he first few years.

I do a lot of accrual loans but on this scenario with a new build and only 25% down of the land costs only???

I’ll have to check on land cost.