Unless changed, CA uses 2+1 formula and Los Angeles (Municipal Codes 91.1207 & 91.1208) use: 70 to 119 sqft can accommodate two people; 120 to 169 sqft can accommodate three people; 170 to 219 sqft, three people, and one added person for each additional 50 sqft.So a 360 sqft unit is OK for 5 people. 

If he is still being stubborn, contact him again- either every two weeks or every month following this initial contact, depending on your level of comfort. one of three things will happen in this time period:1).

Took awhile to close due to THREE low appraisal but we finally got to the finish line!

Regardless of how you find them, try to interview at least three managers1.

The seller carry is on a ten year term with a pre-payment penalty for any payoff in the first three years - a balloon payment anytime after three years incurs no penalty.

The one you most closely align with is if you intended to rent the house for three years or less, but to qualify for that you would have had to file for an exemption prior signing the rental agreement.

Now, if the market went really crazy and jumped 20% in three years, my renter would be behind with just a 3% increase each year.

Perhaps there are other strategies but these are the three big ones that I can think of off the top of my head.

Possibility a blanket loan combining all three properties to one loan and generating capital for another purchaseThe only mortgage loans I'm familiar with are Conventional/Refi and Cash Out Refis, any help is greatly appreciated! 

hi everyone, this is my first time posting to bigger pocketsi am an airline pilot in my mid 30s and looking to create a new life for my wife and myself and our baby on the way. i have dove deep on BP and been scouring the bookstore and the podcasts and learning as much as i can about investing in real estate. we currently live in a 1b/1ba home we own, and no longer owe any debt. i bought it for $120k in 2015 with 2br/1ba, met my wife the next year, she moved in and we gutted it and rehabbed it ourselves (aside from some structural flooring stuff and the final electric and water connections) and blew the tiny bathroom out into the adjacent bedroom, making the house a 1br/1ba. we did all the framing and flooring, paint and drywall and fixtures ourselves. we plan to add an additional bedroom or two, and possibly another bathroom, in the unfinished attic at some point. i was granted a HELOC for $120,000 with my local bank after it got reappraised a month ago at $163,000. i think we spent around $25,000 on the rehab so i'm feeling pretty darn happy about the situation. obviously the covid exodus from boston and new york have pumped real estate prices but we dont really plan on selling any time soon; but possibly renting it out if i get relocated for work.i am trying to find my first investment deal, and my wife and i have narrowed down our plan to aim for a rental with cosmetic rehab and solid tenant base. we thought about house hacking. i'm not sure of where i'll be sent next with work, but i will be sent somewhere else soon. our local market (vermont) is not very landlord friendly so we are looking at long distance, self-sufficient rental as our first investment. i am leaning toward student rentals, and after searching and comparing prices and stuff we have chosen to focus on a few different college town markets in the TN, KY, WV region. i have found a property i think might fit. its a triplex with three 1br/1ba units and off street parking, split utilities, w/d in each unit, located a half block from campus. it seems in decent shape, its been on the market over 200 days, and is listed at $190,000 in a market i believe i can ask at least $750 per unit for rent, which would bring my cash flow to near $1000/mo if i used the calculator correctly.what next??