Here's an article with FAQs including the cost of a study.

I'm not an expert on California law, but I believe you are allowed to give a 60-day notice of termination for a substantial remodel.

The question I'm up against is what private money is going for these days for a build with this much room for upside.

I have waived our no pet policy twice in the last few days for guests impacted by fires.  

I told everyone about it for three months, then one day, an agent came to me with exactly what I was looking for and it was one of my best investments.Spend some time learning to manage well.

Other risks, the contractor walking off the job, a storm hitting and delaying the project for weeks, someone breaking into the home and stealing stuff (which happened just the other day to a client of mine), a squatter, or drunk driver driving into the house (happened a lot at my old job as a firefighter lol).

Look, lot's of great to be said of TN but end of day the numbers are the numbers.

TO many horror stories these days of funds blowing up.

I would love the opportunity to try syndications one of these days. 

Consider this scenario;You reach out to the tenant and decide to move on, you give them 60 days to move.