Some areas to pay attention to include:*Kitchen and Bathrooms – These rooms yield the highest return on investment.

I just finished evicting 3 deadbeat tenants from my 3 unit property so it is all vacant.

It has been best to anticipate wildly different ARVs based on not only the property details, but also the quality of the finishes that are used.

I’d even consider finishing the basement, just well enough for me to live down there, so I could rent out ALL the units.I’d save all my cash and look to refi the property in 1-2 years out of the FHA mortgage, so I could use it again if necessary.

The HOA was included in the foreclosure.

Good luck finishing yours up! 

CA, in total continues to lose 100k's of population and continues to add onerous legislation, including the state rent cap they passed a few years ago (doesn't apply to sfr's though).I am not sure why anyone would want to jump in the deep shark infested waters right before feeding time, unless you have a clear proven strategy, or a very long time horizon.

I am also a local Realtor for an amazing investor focused realty team that helps our investors from start to finish and beyond with their investment properties.

There's also a lot of mid-term demand in this area from people moving down and waiting on their home to be finished.

You charge the owners a percentage and mostly everything is included.