Lately there has been a COVID and System back up. 

@Jim Macedon Two things would occur if you moved back into the house for two years or more, then sell.1) yes, you have to declare All the depreciation you previously claimed/could have claimed.2) You will Not get the full 121 exemption.....you have “non qualified” use.  

Taxes/ year: $3,002,  Insurance: $1,573,  Trash/ year: $654,   Electric/ year (exterior lights): $420,   Water/ year: $1,200 sewer/ year: $1,500,   Spray for bugs/ prevention: $311/ year,    Lawn cutting/ year: $640,   Misc (furnace filters/ 9v batteries): $250I have gotten mixed reviews back from my colleagues when they go over these numbers with me.

I'm looking to pull the cash back out and pay myself back from the reno and of course start looking for the next one. 

We came to an agreement in December for the borrower to make all the back payments in January which they promptly did.

I simply wanted to know if that is compliant with CA's RE bureau, for future reference.Last message (txt) was from listing broker/dual agent that that Escrow was opened, and so I dropped off the 10K check to the Escrow company indicated in CAR form's Joint Escrow Instructions, which shares same exact address as Listing Broker, just a different suite letter, ie B in of A, and haven't heard back from dual agent since, but assume once contract is executed, brokers move onto their next deals and become 'scarce'.Anyways I had asked for 4wks close then 3wks close but broker kept 2wks close on the offer as its cash so let's see if we actually do close on their preferred timeframe of 2wks which would be 2nd week of Nov; there are NO contingencies other than Title clearing so I see no reason why the heck not, yet remains to be seen!

I appreciate the feedback and am back to the drawing board looking for a multi family....

One little falter on your part can throw the tenant back into the TESTING PHASE.

Here is the scenario and back ground.

His screening came back with only previous addresses.