If the EMD is higher than you typically use, you could always use a transactional funder like myself.

Listings with higher engagement and satisfaction may be prioritized in search rankings.

Otherwise, weigh your options with estimated vacancy and remodeling time, but how you may be able to mitigate losses longer-term with the higher rents you'll presumably be able to collect with new tenants. 

Having the cash means you can balance a higher amount down to make sure you earn the cash flow you want monthly, but also leave some around for more. 

It's lower leverage, higher pricing requiring a solid exit and good credentials. 

Credit score- the higher the best. 760-780+ generally gets best pricing for investment property loans with most lenders.

For a lot of things you can just look up material costs and assume the same for labor. 50% material and 50% labor holds roughly true for the entire project, at least for me here in Milwaukee, your labor cost will probably be higher in the Bay Area.100-125k spread would be tight, even for me here in Milwaukee.

I’m all about less is more, it allows me to put more focus on higher priority items. 

RE investing is a numbers game so the more properties/options you look at, the higher the likelihood you'll land a good deal in a shorter amount of time.Only 6% of Suffolk 2-4 family properties listed since '23 have been triplexes and quads. 

Are you estimating that building will be more profitable with the higher material prices and the added challenges of getting a certain type of financing together with the time constraints to minimize holding costs?