Then remediation if necessary can get time consuming and expensive.Just remember you can only use your VA benefits if you're living in the home as your primary residence.

It's a great platform to network and learning.

it was neat to be able to click on different platforms links and get taken right to the portal.Personally I think this is the new wave of HML and commercial deals that have a hard time getting banks or insurance company loans.

Why don't you make an arrangement to lease it to him for 30 years and then he'd  own it, if he defaults on the lease that he loses the right to buy itMore of a right of first refusal with a Long term leaseThe CFPB protects consumers and you really don't want a headache owner financing someone with inferior knowledgeI wouldn't give him a 30 year lease , I'd give him a 12 month lease with extensions@Bill Gulley

The so-called 2% rule is a different benchmark of the same metric.It does not provide any useful information about the quality of the asset: how much of that gross revenue is consumed by operating costs; what is the age and condition of the asset (is it functionally obsolete); etc.?

Until then, here's some info on the eviction process in California that might be helpful:California Courts Eviction Process for LandlordsCalifornia Dept of Consumer Affairs: The Eviction Process

@Andy VogtDriving for dollars is another way, time consuming but cheap.  

Should be interesting to see how it all works out since there will be so many new changes affecting so many aspects of the deals.Good faith estimates will be goneHUD1's will be goneRedisclosure time periods should be interesting for agents in the field when having to deal with title companies and lenders that are not prepared for the changes.Over all I think it is a better system for the consumer which is most important but many will not be prepared for the changes and it will still affect deals of the experienced agents due to the other side of the deal not being up to speed.In real estate you have to roll with the changes and adapt.

As a suggestion, fill out more of your profile other members will be inclined to see you as more committed with a completed profile.There are a number of us from the Bronx area, just add "Bronx" to your keyword alerts and you will surely find them.Some other tipsIf you aren't sure how to use the @ sign, go here to learn how to use the mention option (@)If you find something helpful or a bper answers a question you had, go ahead and use the "Vote" button to show your appreciation.And most importantly make sure you connect with as many people as possible on this platform.

Call CSLB consumer hotline, call their bonding company that you will be filing a claim for unfinished work with full payment, asking for your full payment back.