It's challenging not having complete control, and not being able to ensure deadlines are met.

Original borrower must control or own a majority interest in the LLC.3.

The fourplex only exists because the zoning has been grandfathered in, on paper it is R2.This is my understanding of how SB 330 would affect my project:If I raze the building, I can't build anything less than four units ("An affected city or an affected county shall not approve a housing development project that will require the demolition of occupied or vacant protected units, unless all of the following apply: (A) (i) The project will replace all existing or demolished protected units.)Additionally, because the units exist under rent control (market rate), the rents of the new buildings in the future must also be rent controlled.

What type of structure or controls do you put in place?

Hi @Bryan Berrios, you have some good feedback here already, but my additional advice is to look into the eviction/tenant/rent control laws in the city, county, and state prior to your purchase.

Harder to control money and properties you can't see especially if they are far away.

seller financing installment salecan retire you from landlord to"the bank" BUT make sure yournote is bullet proof 10-20 pgs.so you can control income taxesthrough ammort/interest termsas the buyer needs you more LOL

Joint Venture with Cash How did you add value to the deal?

Joint Venture with Cash How did you add value to the deal?

This is not without issues (the biggest of which is getting more funds into the IRA/LLC after future contributions), but it is worth exploring if it might be a good fit for you.On the other hand, if you are not looking for as much control, I have a great deal of respect for Quest Trust Company and it's owner Quincy Long.