Investing in new construction can make sense here given the strong appreciation and you end up leveraging basically the same amount of cash and have an asset that's not 60+ years old or more. 

The city recently inspected the property and determined that a converted garage was poorly constructed.

You still need to get the debt and equity but once you're open / finished with construction you can get grants to reimburse you. 500K-2M is typical for projects like yours.

The tenant is a civil/construction engineer.

If you don’t mind sharing, did you complete the construction of a modular ADU in Anaheim?

The property is a brand new construction that I own outright and the rental market in this city is very strong as of now there is quite the shortage.

My background is in construction and entitlements. 

If this is a construction loan, a lender with  local knowledge and expertise should be valued above all else.

My team does Turn-key, Renovations and new construction homes in the Poconos Region.  

.--- Tactic 2: Quality and Aesthetics: He emphasized high-quality construction and appealing design, enhancing long-term value.--- Tactic 3: Strategic Land Acquisition: Bren acquired land in strategic locations, often before areas became highly desirable.3.