However, make sure you are prepared for the down time while waiting to make the money.

I have not bought a house this calendar year yet, but I was told the in-house appraising is now no longer allowed which will most likely mean back to 20% down. Time

Big thanks to you, will read when I get some down time at work.

You mentioned Northern California, so depending on where that is, the dollar benefit of doing it may not be as great as in the heart of the Bay Area.Also, it usually does help to have the place vacant when selling if you can do it/afford the downtime.

Your talking about a minimum of 2 months down time if your lucky.

I know there is so much more too it, and I am researching, learning every day in downtime at my current job (network engineer).

Does the $1M count lost income from downtime for the unit mods too, or is it just materials and labor (???) 

It was really disappointing...and surprising considering what seems like a pandemic forced down time.

But for this first time, I might just have to gather them and have that sit-down time to cover what is and what isn't.

I find myself with a fair amount of down time and would like to use real estate investment as a vehicle to secure my financial future.