In many states, the last month's rent is or at least was an addendum to "security deposit" so much so that most renters no matter the state will tend to still ask to apply their remaining amount on deposit (last month deposit, NOT security deposit portion) to their 'last month' - yet CA landlords are now well as of since July 2023 going forward, prohibited from applying ANY deposit to the unpaid last month, thus Newsom is giving all tenants who don't care about their credit a FREE LAST MONTH EVERY TIME THEY MOVE OUT if they make the case that their security deposit cannot lawfully be applied to the last month of rent in arrears?!.

We also do not really want to go down the whole personal guarantee, W2, tax return, credit score route... or is this something we will have no choice with without hard money in this climate?

Purchase price: $104,000 Cash invested: $20,000 Deal Deep Dive: Strategy: Buy and Hold Mid-Term Rental Buy Box: - Within 15 minutes to a major hospital - Within 10 minutes to a Starbucks (LOL)- At least two bedrooms- Light Rehab Only (paint/floors/decor)How I Found the Deal: '- networking with fellow local agents (I am an agent, for context)How I Negotiated the Deal: - Gave the seller what they were asking for to get in contract- Negotiated seller credit based off inspections - Told the agent who brought me the deal that HE could represent ME in the deal, which made it a win-win-win.

Plenty of people still moving here with record low unemployment means wages will rise and the increase in rates is not having the desired affect in our neighborhood.   

How I Found the Deal: '- networking with fellow local agents (I am an agent, for context)How I Negotiated the Deal: - Gave the seller what they were asking for to get in contract- Negotiated seller credit based off inspections - Told the agent who brought me the deal that HE could represent ME in the deal, which made it a win-win-win.

There was a lot of deferred maintenance we had to clean up during our ownership that I should’ve negotiated credits for.

First get all the utilities into you tenants names if at all possible.I'd put in low flow shower heads first.They make a restrictor that goes inline with any shower head and is pretty difficult to tell its there.Put a brick in the water tank.

I have excellent credit, no debt other than mortgages, properties with great cashflow and equity, and i still continuously struggle with lenders. 

Not too low either, you don't want to go with someone who is just focused on price as this is a quality of a not-so-great accountant.

Not too low either, you don't want to go with someone who is just focused on price as this is a quality of a not-so-great accountant.