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Are there any local hidden risks we should watch out for (insurance, taxes, tenant laws, etc.)?

You do need to have that in the contract so there are instructions that escrow/title can follow and the HML has it in writing too.

Quote from @Andrew Einsmann: Are there any hidden costs in the contract that they are asking you to pay for? 

>Instructions to file amended returns, even if you did not originally qualify for the credits.

Question for the group: what’s the worst “hidden issue” you’ve uncovered once demo started?

They look for cheap properties compared to their home area and think they have found a hidden goldmine when in reality, experienced flippers are doing their thing across the country. 

Yet, older homes carry risks like hidden defects, outdated systems, and higher insurance costs.Current trends show a shift in tenant expectations toward energy efficiency and smart home features, favoring new builds.

@Avideh HaghighiAvideh, love your vision — adding ADUs and leveraging SB9 is one of the smartest ways to unlock hidden value in SoCal right now.

Work with trusted local builders who understand community guidelines and offer personalization options without hidden fees.