Juan,CU can be tough when it comes to guide lines, overlays, DTI, credit, property type/condition. 

How much is the house worth in its current condition?  

However, existing properties may need updates or renovations, leading to potential additional costs.Key Considerations:Market Conditions: Fluctuate, impacting whether buying or building is cheaper.

If you are planning on buying it with a smaller down payment, that will also increase your mortgage costs as you are borrowing more and also need mortgage insurance.The price of the home (from the seller's perspective) is based on market value and condition, not on whether or not it matches the 1% rule.   

Ask them about the condition of the home, whats motivating them to make the move, etc.

The more challenging part is the financial conditions component over the actual MCR..

Are the numbers for rent for units in comparable condition and with comparable amenities? 

Accumulation of weeds, vegetation, junk, dead organic matter,debris, garbage, offal, rat harborages, stagnant water, combustible, materials, and similar materials or conditions on a premises constitutes fire, health or safetyhazards.Violation 2: Enter/Occupy Posted STRUNarrative/ Ordinance Description: No person shall enter or occupy the residence due to fire damage and hazardous conditions.Violation 3: Heating facilitiesNarrative/ Ordinance Description: No heating due to no power PG&E pulled the power.

Given the high interest rates and the need for additional cash, it might be better to wait until market conditions improve.

My comfortable price range would be between $500k-$1M.I know that under $1M, you probably won't find something new, climate-controlled, or in great condition, but is it true that there's almost nothing worth looking at in this $500k-$1M range?