Although you are a new investor, you actually have more and better options than seasoned investors.Id they need a second parking spot , rent that to them also.

That is the most profitable option by a long shot if I can pull it off.In reality, most of us will never do that or have any business doing that, so we go with the strategy that we are most likely to actually do and that is sustainable. 

Best of luck,Travis Hey Kevin,Since I definitely want to look out for your best interest, I repeat that investing out of state is the best option when you currently live in the very landlord Unfriendly state of CA.In addition, I never wanted a quad to live in as I just never liked the idea of living next to - above or below others.  

Have you worked on any entitlements yet, or are you exploring both options?

My opinion only 2 cases make sense for the seller 1) they have few options and this presents the best means to get out if a bad situation.  

You aren’t owners with lease options.

Also with the Extra Charge option there is no way to upload photos or receipts.

It sounds like you're in a pretty good position with some nice options.

Happy to talk thru options for what you are looking for!

With no direction from an Engineer (or Architect) Contractors have no idea and will price out the scope of work they think is best even if it's not the best option.