Hey Isaiah, DSCR Loans are thirty-year mortgages secured by turnkey residential real estate properties strictly used for business purposes and underwritten primarily based on the property.

@Dennis GuintoIndividual decisions should be based on the end goal/s.

Yes, all those terms are true, but the lenders dictate the seasoning period based on their lender guidelines.

@Rob K. response seems very good, but I want to add that one of the two proposed prop 13 amendment initiatives (prop 19) eliminates the Prop 13 tax bases transferring to children and grandchildren if the unit is not the primary residence (I.e. rentals and vacation/second homes).  

Question: If my original primary residence is a multi-unit property, am I still eligible totransfer the base year value to a replacement primary residence?

Im trying to navigate how my tax base gets reassessed as it relates to this. 

hey Danielle thanks for responding, so i looked up the zoning for the area where the property is and it came back as residential high density which i believe is what i am looking forso is that based off 1 unit/ per a certain amount of space such as a half an acre or less I'm happy to know some one has done the conversion, the illegal apartments seem like lawsuits waiting to happen

I gave an offer to the agent based on my numbers and they asked for proof of funds.  

If you are confident that this developer can complete the project on time and budget, while also delivering a product (condos) that consumers in this market want, then your big two risks are handled.Now specifically on this deal: Based on the little info you mentioned, these are about $1.5mm condos.  

Prop 19 requires one of the sons to make the home their primary residence within a year and file exemption so it is not reassessed from base value + 1M.Question is how long does one of the sons need to make this home their primary residence?