I should receive a letter from the city next week about the next steps, but I will need to put up a $10k performance bond before I can proceed.This is how I bought the place

If you already have another employer 401k, why would you put more money into bonds, etfs and stocks?

I would love to know what everyone thinks of these.No-fault eviction rules will change for owner move-ins and remodels under Senate Bill 567, effective April 1, 2024.The California Tenant Protection Act of 2019 has been amended.Starting April 2024, more information is needed for a homeowner to end tenancy for moving or major remodel.To reclaim as owner-occupier, move in within 90 days of residents moving out.You must stay in the home for 12 months before it can be rented out again.The homeowner's close family must also follow this rule.Family members (spouse, parents, children, grandchildren), names, and relationships must be disclosed in the termination notice, following the same rules.Having occupied a rental unit on the property or a similar unit elsewhere does not qualify as grounds for lease termination.For remodels, owners of rental homes must provide more details of planned work, including copies of permits or signed contracts.If the work isn't completed, you must legally contact former tenants and offer the opportunity to move back in, so make sure to get a forwarding address when remodeling your rental home.Starting July 1, 2024, security deposits will be capped at one month's rent.Previous laws allowed 3 months' rent to be collected as a bond, in addition to the first month paid before moving in.With rising rents, move-in costs were becoming unaffordable for renters, especially for furnished properties.Moving forward, for a monthly rent of $2,500, the move-in cost will be capped at $5,000, including the security deposit and the first month's rent.This cap applies to both furnished and unfurnished homes.No need to return the difference if you already have a large security deposit of more than one month's rent.You can keep this amount even if it exceeds the new caps, until July 1, 2024.Homeowners will have increased protection against illegal occupancy with the implementation of Senate Bill 602, effective January 1, 2024.Trespassing and squatting pose genuine concerns to homeowners with empty properties.Starting in 2024, homeowners can notify the police about their vacant property, authorizing them to evict any trespasser who tries to live there or falsely claims to be a legal resident.This notice used to be valid for just 30 days.The amendment to SB 602 extends trespass letter validity to 12 months and allows electronic submission.A valid letter allows homeowners to avoid court eviction for illegal occupants.New laws to prevent credit history discrimination were introduced (Senate Bill 267) on January 1, 2024.Update your tenant screening process accordingly.If an applicant receives a government rental subsidy, you must reconsider how you evaluate their credit history and rental application.To prevent discrimination, changes to SB 267 prohibit landlords from relying on credit history unless the applicant has the opportunity to present alternative proof of their ability to pay their share of the rent.You must allow sufficient time for tenants to provide benefit statements, pay records, or bank statements.Consider this information instead of their credit history when deciding on lease agreement offers.

Also the CON's, extremely tenant friendly laws and potential for lost rent, unrecovered damages and lengthy eviction process.- Are the CON's that bad as gets forum discussion/media coverage?

Hi, I'm looking for a good licensed and bonded general contractor in the Atlanta area.

On a personal level, I invest my retirement money in stock and bond index funds and the occasional loan to other businesses.Putting money into a note fund should be as passive as investing in a stock or bond index bond, which I do with some of my retirement money.

Get their bids: have a clear scope of work: make sure they are all licensed and bonded. and if you have enough for the purchase, closing costs and reno.

Do they require site inspections of the property or a lengthy process to get running?

Run a proforma on any property where you NEED the cash flow with a lengthy eviction followed by $20k in turnover and 2 - 3 months of vacancy.

We agreed on an offer of $485K, with a contingency of the loan being assumable and property appraised at $485K.Since the assumable process was lengthy and would NOT close in August, the seller and his agent wanted me to cover the monthly mortgage payments and made me get into a rental agreement if I wanted to the property or else seller was cancelling the contract, as I was getting the seller’s amazing 3.5% interest rate, I signed the rental agreement to rent till the Loan would go through.