Seems like it's like a San Fran market with a ton of money flowing in, and I don't see signs of that stopping anytime soon though a second Amazon headquarters might lessen the upward pressure slightly.

It's really tricky, but I've gotten good tenants and inherited good tenants. 

A lot of inherited properties?

They were basically accidental landlords, who worked hard at their other professions, who were lucky to have good tenants.These building will pass down to the sibling ( my friend) and his brother  as inheritance and will be 50/50 ownership. 

I guess money will lessen his emotional damage.I served a tenant that had cancer.

Hey man, I'm not from your area but as a new house hacker myself, I'd say plunge right in & find a good agent.When you say you're a few grand off, that few grand might be in some "nice to have" vs needed renovations in an undervalued property that you can do little by little over your at least 1 year of "seasoning" living there..Maybe one with an inherited under market tenant (in my experience now it was more the former landlord being a jerk vs this guy being a "problem") that can hold you over...The quicker you can get the work done on your place, the more secure you can feel in the power chair where if this tenant really is the problem, you get him/her/them out, move in, & get back to work only now renting your portion At market value...The craziest part that I've realized, being such a newb in this game is that even if the house hack isn't perfect numbers wise (meaning you're still paying some money out of pocket with this inherited tenant), the majority/all of that money you're then "paying" is to yourself...It's such a mind warp to pay a mortgage on the same schedule (although the bank actually gives you 15 days vs 5) and similar cost to when & how you paid rent but then gather not only the assistance from the renter, but also then see literally EVERYTHING (minus only interest the bank is charging you) go right back to you...I use the mint app now to track my "net worth" now & watching it go up every month much more then the $300 I'm paying out of pocket for the hack (even with my remodel expenses) has been mind blowing...Maybe that's where that couple "extra grand" can come from over your seasoning year...Go get it bud!

I'm a commercial brokerage agent in LA, but happen to have a family friend who inherited an old house (definitely a tear-down) on a 7,500sf lot in Santa Monica, CA.

Hello everyone, I'm new to the real estate business. My wonderful fiance and I were fortunate enough to recently acquire a multi family estate. The previous landlord passed away just this September and left some tenan...

While the seller had sold the majority of the note payments, the estate still inherited the remainder interest on the note.Rather than wait for the future payments, the estate decided to cash out the remainder interest so all monies could be distributed to the heirs.

Copeland did this tenant pass standard screening before moving in or were they inherited?