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THE FIELD NOTES

A closer look.
A clearer perspective.

Practical guides, thoughtful analysis, and the stories behind San Francisco real estate.

Selling in San Francisco collection2 ARTICLES
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Selling in San Francisco

Pricing, preparation, and a clear plan for your next sale.

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Buying in San Francisco collection4 ARTICLES
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Buying in San Francisco

A more informed path from the first search to the next move.

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Multifamily investing collection6 ARTICLES
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Multifamily investing

Look closely at the building, the records, and the assumptions.

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TICs in San Francisco collection5 ARTICLES
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TICs in San Francisco

Compare TIC financing, conversion paths, and condo-versus-TIC prices before your next San Francisco purchase or investment.

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Property stories collection1 ARTICLE
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Property stories

San Francisco buildings, considered from more than one angle.

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San Francisco homes1 REALTOR GUIDE
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Finding a realtor

Compare local expertise, education, analytical skills and client reviews. Meet the right partner for your next move.

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START READING

Questions worth exploring.

Caley Zheng, Hayes Valley realtor
FINDING A REALTOR

Best realtor in Hayes Valley, San Francisco

Compare six Hayes Valley real estate agents by recent sales, local knowledge, analytical expertise, education and reviews. Meet Caley Zheng, our top choice.

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The four-unit Linden Street property in Hayes Valley, San Francisco
LIVE IN ONE, RENT THE OTHERS

House Hacking in San Francisco: Buy a Multifamily Building and Rent the Other Units

A practical 2026 guide to buying a two- to four-unit San Francisco building, living in one apartment, and renting the others. Learn from Caley and Lucas’s Linden Street experience and run your own numbers.

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The two-flat building at 527–529 Birch Street in Hayes Valley
TIC OWNERSHIP EXPLAINED

What is a TIC in San Francisco?

A clear guide to tenancy-in-common ownership in San Francisco: what you own, how the agreement and loans work, TIC versus condo prices, and lessons from our Birch Street project.

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Blue San Francisco house with white trim and stacked bay windows
TIC BUYER GUIDE

Buying a TIC in San Francisco, Step by Step (2026)

How to buy a TIC in San Francisco in 2026: plan your down payment, find fractional financing, review the agreement and building budget, make an offer, and close with confidence.

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Blue San Francisco house with projecting bay windows beside a leafy tree
BUYER FIELD NOTES

Appraisal Gaps in San Francisco: How to Bid 20% Over Asking Without Losing Your Loan

Plan for a San Francisco appraisal gap with SF house-sale data, a cash worksheet, California contingency guidance and steps for a low appraisal.

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San Francisco rooftops with the bay, Golden Gate Bridge and distant hills
INVESTOR FIELD NOTES

Adding ADUs to Your San Francisco Apartment Building: Up to 8 Backyard Units Under State Rules

An investor’s guide to SF multifamily ADUs: detached and converted unit counts, parcel research, fees, permit timing, tenant rights and development underwriting.

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White coupe parked beside a tree and adjoining house facades
INVESTOR FIELD NOTES

SF’s No Hidden Rent Act: A Landlord’s Guide to Listings, Leases and Fee Income

Prepare for SF’s proposed all-in rent disclosures. Review utilities, RUBS, parking, existing tenancies and fee-income underwriting, with verified legislative status.

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Pastel houses behind two classic cars on a sloping street
SELLER FIELD NOTES

Inherited a House in San Francisco? Prop 19 Property Taxes and Whether to Sell, Rent, or Move In

A practical SF heir’s guide to Prop 19 reassessment, the indexed exclusion, sibling buyouts, probate and trust sales, and comparing moving in, renting or selling.

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San Francisco rooftops with the bay, Golden Gate Bridge and distant hills
BUYER FIELD NOTES

Buying a San Francisco Home With RSUs, Tender Offer Cash, or Pre-IPO Stock: A Practical Guide

Turn tech equity into a documented SF home-buying plan: RSU sales, tender cash, stock-backed borrowing, mortgage income rules, and competing with cash buyers.

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Blue house with projecting bay windows and a tree in front
SELLER FIELD NOTES

How to Price Your San Francisco House When Most Homes Sell Over Asking

How SF sellers can choose a list price, compare offer dates with preemptive offers, and weigh a fall launch against spring using house-sale data.

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Palm-lined residential street with homes on either side
BUYER COST COMPARISONS

Rent or buy a condo in San Francisco when mortgage rates top 7%?

Compare SF 1BR and 2BR rental benchmarks with illustrative condo budgets, including mortgage payments, HOA dues, property taxes, and insurance. Rerun the numbers in an editable worksheet.

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White corner home with red stairs, dark windows and clipped greenery
ZONING & DEVELOPMENT

San Francisco Family Zoning: an investor’s guide to small-building development potential

How to check a lot or two- to four-unit building under Family Zoning and Housing Choice SF, including height limits, unit mix, rent-controlled units, historic status, lawsuits, and feasibility.

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Mature tree canopy above a sloping street lined with houses
TIC PRICING & FINANCING

Condo vs. TIC prices in San Francisco: a narrower gap, with financing in focus

New MLS figures show a narrower aggregate price gap between SF condos and TICs. Compare 2023–2026 YTD prices, financing choices, and ownership costs.

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The duplex at 527–529 Birch Street in San Francisco
TIC FINANCING

TIC loans in San Francisco: financing, Redwood Credit Union, and lessons from Birch Street

How individual TIC financing works, what Redwood Credit Union offers, and what our Birch Street process taught us about agreements, insurance, budgets, and concurrent closings.

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San Francisco flats at 527–529 Birch Street
MULTIFAMILY OWNERSHIP

How TIC conversions work in San Francisco: 1–4 units vs. 5+ units

Compare small-building TIC formation with five-plus-unit DRE review, Sirkin Law’s quoted pre-sale fees, financing, tenant issues, and condominium conversion.

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The exterior of the five-unit building at 139–143 Dolores Street in San Francisco
MULTIFAMILY FINANCING

Commercial vs. residential loans for San Francisco multifamily buildings

How two-to-four-unit and five-plus-unit purchases differ, what lenders underwrite, and why a building’s income can matter more than its price.

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San Francisco’s Painted Ladies overlooking the downtown skyline
BUYER FIELD NOTES

What should you check before buying in San Francisco?

Start with the property, the documents, and your daily life. A useful search compares more than the asking price.

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The historic multifamily building at 837 Fillmore Street
INVESTOR FIELD NOTES

How do you evaluate a San Francisco investment property?

A credible property review starts with verified records and explicit assumptions. An attractive listing is the beginning of the work.

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The exterior of 139–143 Dolores Street in Mission Dolores
PROPERTY STORIES

What five San Francisco buildings can teach you

A field notebook on scale, setting, and the details behind five curated prior property stories.

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