Additionally, central HVAC systems typically require less maintenance and provide more consistent cooling throughout the property.

The Bank also communicates with the title company to order chain of title and require lender/title insurance. 

This process allows landlords who own multifamily properties with two to four units to evict a tenant if they plan to move into the unit themselves or if their immediate family members plan to move in.However, to use the owner-move-in eviction process in Los Angeles, you must follow specific legal requirements, including providing written notice to the tenant at least 60 days before the eviction date, and offering relocation assistance to eligible tenants.Moreover, there are restrictions on the grounds for evicting tenants in Los Angeles.

I knew there was no way the home was going to sell at that low of a price in that area and I knew that the new inspection would require a few things.

However, I love a project and can be handy so I will not shy away from properties that require some TLC. 

Never realized lender would require LLC but it makes sense given the size of portfolio. 

In addition to this, you should be able to find zoning ordinances and/or specific building codes that the city requires or has adopted with respect to what they allow or do not allow for ADU's. 

Of course, this requires mutual trust and written agreements, but any joint business does.The only situation where a true partnership and an LLC is unavoidable is if you also split costs, not just the fees.

But, the owner occupied property is different because you will likely have to use a conventional loan which requires 12 months seasoning (waiting period) to use the new value but of course that 12 month would start from when you buy the property so it will obviously take you some portion of that 12 months to build the house.  

Both parties were right–and wrong–simultaneously, and it required a lot of hand holding and collaboration.