Essentially the FHA underwriter will ask for a copy of the leases to verify that you can move into the property under those requirements.You can absolutely accomplish this and the tenant does not have to move out before closing.

Frankly I am surprised that they haven't been going crazy enforcing the laws already.I know people will say that they don't enforce the criminal code in the greater LA area, but that costs money.Enforcing STR laws could be a pretty big revenue stream and I expect they will catch on pretty quick.

Mortgage payment is $1,000 on each house, so you're essentially earning $500 per house or $2,000 a month.

The only thing that matters really is if the numbers work as you are essentially financing 100% of the deal.

You are essentially selling and owner financing.

.- a couple of missing expenses: lawn care and you might consider loss of revenue on insurance which will cause insurance expense to go up. 

To get my cleaners to understand what I'm looking for, besides just the tasks themselves, I explain that I don't approach the biz like a cabin owner trying to maximize revenue; that WE (the cleaner included) are in the hospitality business with the mission of creating a great guest experience that exceeds their expectations.

The origins of one year really come from three revenue case rulings where the judges issued their rulings by stating a time period that was appropriate (but as you know it would have been only strictly applicable for that case). 

It seems like a great primer to some of the key aspects of development and 6 weeks is enough to cover a lot of ground, but short enough that it won't take away from other areas of your life.Real Estate Development Principles and Process REDV-0020Real Estate Development Pro Forma Analysis REDV-0030Real Estate Development Construction Loan Finance REDV-0040Real Estate Development Construction Essentials REDV-0050

You then "assign" (essentially sell) your contract to another investor.