The historic district doesn't really care what you do on the interior of the home or if you live in it or rent it, while the city does require a rental license and inspection it is primarily for safety issues and to ensure everything is working and safe.   

You can view the code at: https://up.codes/viewer/massac...Exceptions to the code are made regularly, but ceiling height is very important from both a safety perspective as well as livability, legal, resale, rentability perspective.

Some of the banks I’ve talked to have terms length of 15-20 yrs for a 5/1 or 5/5 ARM. 

This is one of my fears, that a new construction building someone else is taking the upside potential, so that would leave me with a thin margin, which would be okay if things are stable, but also considering whether to look for more safety in case the market turns south.  

In the 12-ish years I've lived in LA, I've seriously looked at living downtown several times and have always been discouraged by the overall environment and lack of safety. 

It seems to be just one arm of what a typical GC would be hired to do, but as a stand-alone service.

Real estate investing is a pretty forgiving world and the average person can still make money even with some pretty big mistakes.Buckle in, keep your arms and legs in at all times, and enjoy the ride!

It’s all one lump sum and from what I can tell the only stipulation is that you can’t evict during the months that have been paid unless it’s for safety or criminal reasons and then you have to pAy the money back.I’ve qualified for the state program, the program from the city of Houston and harris county, and my usual hopwa grant.  

If the landlord is doing something shady then there should be other easier avenues to pursue (health and safety violations) and you could tack this on to make your case.

When the turnkey operator IS the PM you're loosing multiple points of reference and safety checks in the process.