Similarly, retail might be near the residential area (but on high traffic roads), and light / heavy industry is far from the residential - but close to freeways and rail infrastructure.

@Milton Chamberlain, in case you and your CPA dad could shine more light on my questions above. thanks very much!

Hi, I am in the position to buy a single family historic home with an ADU in the back that currently has a tenant in it paying $1600 a month including utilities.The home has 3 beds and 1 bath  and needs some light work such as floors including leveling of one bedroom where the floor is dipping, a few windows, stair repair, painting  and landscaping as it sits on a 7000sqft lot.

This could be done by yourself if you're lightly handy. 

Just wait till they get more EV's on the road in California, they won't be able to keep the lights on! 

I am trying to just use one color (light grey) for walls and white for ceilings throughout.

Would you be able to shed some light on this process? 

Chris Clothier can pee his name into concrete. hahaForget about Chuck NorrisChris built the hospital he was born in heheChris doesn't sell turnkey, investors beg him to buy 😁When Chris goes to sleep and switches of the light, he is under the covers before the room goes dark.Chris is like Muhammad Ali, he tussled with an alligator, wrestled with a whale, handcuffed lighting and threw thunder in jail.Murdered a rock, injured a brick, he is so good at turnkey it makes medicine sick heheheOk, I'll stop now hahaha Chris shot Tupac

On a potential property you would run the numbers, if the numbers looked good you would provide the numbers to the PML. and if the PML liked what they saw they would give you the green light to purchase the house at auction with there money and you would have your house without any of your money.  

We will be putting $3,700 down, and borrowing $15,000 over 4 years at 5%, which is 4x the interest rate our relatives make on their savings in a bank CD, making both them and us very happy with the terms of the transaction.After closing, we anticipate ~$4000 in rehab costs to bring this very tired unit up to date, which will include refinishing the hardwood floors, complete repainting, new kitchen flooring, new counter top, new appliances, new lights, blinds, fans, toilet, etc.