The issue stems from when the homes were built and excavation spoils were used to backfill around the walls - instead of bringing in #2 stone.

your going to have a hard time talking someone who owns a home in Sausalito to lease it to you with an option to purchase.

I see some larger single family homes in areas that appear to be zoned R2 that, at least from a physical perspective, seem like they could work for this.

Determine what type of property you want to buy - What Zip code, what condition homes, price range, etc.Contact 3-4 realtors that helped buyer agent buy the type of homes you are looking to buy.Then go with the 1 realtor that you connected with the most.

I guess that tipped him off that I, or someone, was coming, because the new contractor got a call from Chris.

I'd definitely get an average priced property (something that is a starter home) in a good area. 

I have a hard money lender established to cover 80% of the purchase and 100% of the rehab, so my capital partners would be covering:20% of the purchase priceRange of $30,000-$50,000 cost of capital25% of the renovation budget (to kickstart the project while waiting for reimbursements)$25,000 contingency padAny tips would be great, and if you happen to be interested yourself I can send you more details.

Both markets have similar price points for investor friendly homes.

Any tips?

Hey BiggerPockets community,I’m in the process of defining my investment strategy, and I’d love to hear from those with more experience.I have enough capital to pursue one of these two paths:1️⃣ Build a Single-Family Home Portfolio: Gradually acquire around 20 SFHs using the BRRRR strategy or focusing on positive cash flow properties.