Again, if your $250k is true, and includes all the electrical upgrades, new plumbing runs, potentially new foundation pour (since I assume the existing garage slab is not capable of supporting a new two story house), I am guessing since I don't know the market, but assume you will have a lot of equity by completing the project.

Otherwise you are really just making guesses about everything.  

I guess the odd part (to me) is I am putting up the money for the renovation, potentially without full ownership of the property.

I guess I don't know how lucky we are to have found our property management after hearing all the comments. 

Bottom line I guess is whatever you do with those parcels it is important that first time home buyers can get financing long term. 

My guess is that it could be structed as one person handles everything locally 'boots-on-the-ground', and the other acts as the investor.Has anyone see or done deals like these?

But guess what?

Good to know as I have a property coming on the market and we had one off market offer already all cash but at 10% list price discount (which we most likely will reject).Curious if you think the california fires will assist the market since many of those people need places to live for years and I am guessing some will flee california?

Thanks in advance.I am guessing you have an FHA loan on the house and the new buyer will be purchasing with an FHA loan?

I am guessing you are buying SFR and small multi's.