.......so did the deed transfer from the prior owner to you because it wouldn't be valid if not recorded at the registry.....?!

@Rosa LeporeI wouldn't feel like you have to do one or the other.Jumping straight into 4 or 5 properties with no prior experience could be setting yourself up for some painful expensive lessons.Another option you have is to pay cash for your first, get your systems and team in place, put a HELOC on your 1st, then use that line of credit to grow your portfolio.Good luck!!

Jason ScottSounds like you need to have a cup of coffee with someone who has done this type of thing for a while.

Typically it’s 6 months prior to their expiration date.

Do they place a tenant PRIOR to closing?

There could have been a huge TI contribution prior to yo purchasing the property that bought the rent up 15 year ago...

We should grab coffee some day.

@Charles CarilloYes, I will definitely check with the inspectors prior to anything, probably in my due diligence and contingencies.

The ordinance will require applicants for a city registration to certify in writing that operation of a short-term vacation rental would not violate any CC&Rs, bylaws, or other agreements governing the use of their property prior to obtaining a registration.

I also owed a duplex with a partner which we did some renovation prior to renting.