It states that, if the city decides that "further review" of your short-term rental application is warranted, they can charge you a processing fee of $5,660:So anyone reading this who is thinking about Airbnb'ing in Los Angeles, watch out for this.Moral of the story- California in general (and Los Angeles in particular) seems like a tough nut for residential investors to crack. 

It doesn't add value and is just fixing/replacing cracked spots in an existing retaining wall and some stairs, so I guess I'm trying to prepare and figure out what line these expenses would go on.

The appraiser will fail a property for a small amount of peeling paint, a cracked window, wobbly hand rails, crumbly cement steps, etc. 

However, the city recently updated their rules to also allow tiny homes.

Porcelain tiles will be very durable, last a long time and if one or a few get cracked, easily replaced with a good tile installer.

I think you'll do better working with the big boys.......Lots of these mom & pop credit unions aren't all they are cracked up to be in Podcasts and things of that nature.

Hi Michael, Welcome to the site, Stony Brook has cracked down in recent years on illegal apartments and rentals (not to say that is what yours would be) to deal with what they called illegal rooming houses.

I have not heard of the C&C cracking down on nonconforming homes. 

If you were to put their dna in an electron microscope you’d see tiny garbage bags of trash everywhere in their proteins and enzymes of the helix ..It’s part of who they are .

IF you are getting a great deal on the purchase price, this loss is tiny!