Small Lot Subdivisions / Los Angeles
Are there any investors or developers in the Los Angles or California area that are familiar with (or expert) with Small Lot Sub Divisions?
They're have been a lot of these popping up in Los Angeles. The appeal is that developers are allowed to structure their properties so that there is no HOA, just a smaller maintenance fee making it more appealing for buyers looking for single family residences.
There's a bit of grey area as an owner/investor because there is no governing body. There are CC&R's but aren't governed the same as a normal HOA found on condo units.
If you are familiar with SLSD and are opening to talking about your experience as an owner, investor and developer let me know. I'd like to learn more about them.