You won't be in a trade in this sense, but it's a great top down learn on how construction operates beyond hammers and nails.As a pure trade skill, any sort of surfacing work, flooring, tile, drywall, paint, hanging cabinetry, etc... are all easy thing you can strike off the final bill.

The one I would echo directly is as it relates to a commercial mortgage transaction (1-4 NOO, 5+ MF, or pure CRE), where some lenders like to hold onto the appraisal until the closing date, at which time they'll happily hand this over.

Purely bottom line after the acquisition, construction, extra cost, distribution to pay bills and resale within 6 months

The custodian is purely a record keeper.  

Well, their income should flow into some bank account unless they are purely cash and never bank any of it - so requesting bank statements is probably as close to getting a gauge of recent income trend as we can expect to see.

In pure economic terms, California is hard to make work given the retail competition and low inventory.

A big part of why i am on here is because i need opinions from a purely business perspective.

Long term it is going to COST you money to hold onto as a pure rental.IMO, I would sell as soon as I could recoup as much of my money invested as possible (how much you put into the property to purchase + $25K upgrade).A good local RE agent can help you with analysis #2 above.Hope that helps.

I listen to that Sean Terry guy, he is pure motivation!

Our 1-year old is more like me...a pure trouble-maker...I joke that my 2-year old already has a tax-free college savings plan, and now I just need to find a tax-free bail savings plan for my 1-year old