This was extremely helpful!

The cashflow is not great but this is a Zip code with extremely high appreciation (15.5% year over year from May 2023 to May 2024).

We have found that counter height island seating is EXTREMELY popular with young renters.

So my thoughts with this is use with extreme caution. .but I fear your going to have a bunch of WEst coast folks jump into this and if they have a bad run on tenant they will wish they never bought these . 

Hi all,There is a distressed property I have had my eye on for several years that is in extremely close proximity to a property from my childhood, and an area I would like to own in.  

Understand the debt and how that plays into the risk.Understand that it is extremely rare for an asset that locks in long term fixed debt to get into trouble.

The price is extremely low, but I needed to supplement it with other platforms at times.  

Sorry to not offer a connection, but for this one I think your best bet is to find the "land specialist" realtor in the area and get a CMA.If you want an extremely precise number hiring an appraiser is most likely the move. 

I've not invested in CA, and I'd enter that market extremely cautionsly based on various rent control issues, eviction issues, and the political environment seems to be very unforgiving for landlords. 

I do not know how close your friendship is, but I would advise you to exercise extreme caution.