"He got all the permits. He spend $850,000 building the place. It was ready to rent! His first renter told him he would gladly move his family in, but there's rent control in detached homes. He could only rent to people at or below the federal poverty level, and rent was tied to this metric in some way? Instead of getting $5000/month---he could only rent it out for around $800."
Sounds like, with spending all that money on the building, he could have taken 10 minutes to call a real estate lawyer and find that out.
Sounds like, with spending all that money on the building, he could have taken 10 minutes to call a real estate lawyer and find that out.