Constructing two 4,000-square-foot duplexes on separate parcels in San Ysidro would cost roughly $2.96 million, with a market value of $6.31 million, offering a 113% ROI.

Still, it offers solid cash flow potential, especially in multifamily properties with cap rates around 7-9%.

Off market and the new the owner used an agent so I reached out to the agent and made an offer How did you finance this deal?

Quote from @Logan Barwick: I Am looking at getting involved in rental properties and debating on which option would be best.

What are you offering?

Also send me some details on your service offerings, I am potentially looking for a new tax accountant.

If they do, your best bet is a local community bank that funds these types of properties.Another option is a private lender but that money will be pretty expensive, as mentioned 10%  + 

I don’t know what’s going on of course, but I can offer the possibility that the seller tried to negotiate the bill down and the contractor realized he was being squeezed so he took action.  

We stay in contact with this agent and I guess she made a couple of verbal offers for us after the agreement had expired. 

Two best options are house hack or sell and acquire a 1031 property.