You can use HML don't get me wrong but if you just put a little bit effort in to pre-planning and getting all your ducks in a row then going with a traditional community bank would be a better option not only for your current new construction needs but also for future acquisitions.

You don’t want the actual mortgage loan mixed up with loans to and from Partners.

If that works you may end up with tenants who stay longer and fewer vacancies.

From there your options open up. 

@Leslie L Meneus you are trying to find a tribe of super freaks.Let me explain…Only 6% of Americans own one or more rental property.  

So feel free to reach out to me with specific questions you may have.

I assumed he would fix it, so I didn't follow up until I received a violation notice from the city for the furnace.

In addition, you would need enough working capital to pay for insurance (which will be going up a LOT in Los Angeles) and to pay for property taxes.Don't buy this unless you have substantial resources and a cash cushion to keep yourself safe.

I wouldn't stand up if I knew I'd done wrong.

Apart of me wants to sell.