Interestingly, the records do include the downstairs space as part of the livable square footage.

The line of credit will give you the access to the equity in the property without having to pay interest on it. 

To access your home equity without selling, you can explore options like a home equity loan, a line of credit (HELOC), or a cash-out refinance.

I remember a buddy who once represented a client in the Santa Cruz Mountains.. this client turned an old barn into a shared art studio and invited local artists to rent the space, which ended up boosting inccome in ways they never imagined.The Redwood market can be tricky because of environmental restrictions, zoning quirks, and limited inventory.

I think I will need a car and an office space in the first few months itself.

Many basement access doors are not 36" wide depending on the age of the property.

Purchase price: $110,000 Cash invested: $2,000,000 399 Helmericks Ave includes 3 warehouse/shops totaling 60,000 sq.ft. and office space totaling 7,000 sq.ft.

I feel like it's a space where great operators can really clean up, since the bar is set really low, in my experience at least.

If curious, here are the last two: Jan 2023: Multifamily Real Estate is At Risk of CrashingFeb 2024: Multifamily is at High Risk of Continuing It's Historic CrashI think that the title for my 2025 analysis (likely Jan/Feb publication will be something more like:Multifamily is Finally Going to Hit Rock Bottom in Q2/Q3 2025 - Get Ready to Buy a LOT of itAs usual, I like to publish my draft thoughts here to get input from key players in the space and these forums, especially folks like @Brian Burke, to see if I am missing any high level areas, before I get into the weeds and look at the data more deeply and regionally. 

For $1997, I would expect he give us access to his members of his team such as realtors, agents, property management, etc but that’s not the case.