With rental comps at $3300 and a potential mortgage surpassing that, you could end up putting money into the property monthly, so be ready for that and consider possible vacancy periods.

The property with two homes has potential, especially with long-term tenants and the possibility of increasing rents from their current rates to closer to $1500 each.

I understand that we made a mistake by not checking the covenants of the main HOA, but mainly went with the sub-HOA rules which don't mention anything around multiple properties for lease.Property A's lease expires end of this month and I have a tenant lined up to start a new lease term from 2/1 and Property B's lease expires in April and the current tenant is a long term one and would like to renew for two years.My preference to at least keep both of them through next January and potentially sell or transfer Property B to my son who is graduating in May and have a full time offer in hand. 

Hey mate,Great to hear from you.All is good in my hood lolCan't complain mate.Still doing turnkey but with reduced volume (We prefer it that way.)Decided to pull back a few years ago and stop chasing records and extra $0,s lolI feel like everyone and their dog is in Toledo now which is cool as I'm not the only 1 waving the flag 😁Believe it or not, property management has taken lead within our operation.I use to despise property management for so long but ever since we got things in order (Around 5 or so years ago), I started seeing the amazing long term potential that it offers from a business standpoint but also an after service standpoint.I visit the Big D regularly and love it.Will be in the area in mid February so let's catch up of you guys are free.You guys still chipping away with turnkey and PM?

Maria Elena Durazo, D-Los Angeles, that would critically hinder your ability to effectively manage and invest in rental housing in California.Here's how SB 567 could negatively impact you:Restricts your ability to move into your property: This legislation introduces a restrictive definition of an "owner," potentially preventing you from moving into your own property if you or your family needed to do so.Obstructs essential repairs and renovations: The bill could obstruct your ability to repair significant property damage or to conduct necessary renovations, even when tenant safety is at risk.Complicates property sales and investments: The bill introduces unnecessary obstacles if you're a small property owner looking to exit the rental market or sell your property.Your urgent action is required to oppose SB 567.

That being said as I still have concerns as we explore syndications further: two being being earnest money and timing.Let's say we're looking at a potential deal that has a purchase price of $13MM, so we would probably need to raise $5.5MM-ish  with a fixed rate agency loan product like a Fannie/Freddie and including renovation cost.In a typical 1% EMD scenario we would need to come up with $130,000 shortly after executing the PSA.

We knew that the rents were way below market and by fixing it we would have a potential gold mine How did you find this deal and how did you negotiate it?

What are some of the potential pros and cons of a homeowner selling their ADU? 

Alternatively, explore conventional loans with higher down payments for potential flexibility and lower rates, or check out private lenders for more complex projects.

Although having a higher DTI will not directly increase your interest rate, it will impact the loan programs you may qualify for and indirectly limit a buyer from a potentially better option. - What factors of a mortgage can vary from borrower to borrower?