Looking to talk to someone who’s had experience adding a bonus room/sunroom in San Diego.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

It is a HUGE bummer as an agent to write up an offer to go to a junk property (happened to me last week) to end up pulling out.

In the end, it may be the same amount of money or more, but it will just have to be structured differently as you navigate the shifting market.Northwest Valley would be a good option. 

I'm curious to dive deeper into the Santa Fe market and would love to learn from those with local experience.

I don't have any real world experience at this time so I won't pretend to know, but I will be following and learning along with you. 

I’ve been coaching new investors for a while and many lack funds to get started but find both the lack of knowledge, experience, and funds, often derails them. 

If you need someone to do more than guest communication and I can guarantee things will come up, at the end you will need a PM.

Instead of losing 55k they will probably only end up losing $25,000 - $30,000 What made you interested in investing in this type of deal?

Earlier in your post you shared that your friend planned to pay the contractor invoice but at the end of your post you ask whether your friend should pay the invoice in full.....and this is after selling the property and presumably being recapitalized.