I think at some point you have to recognize you had a good run and take your chips off the table.

Just wanted to chime in from a tax perspective, something to keep in mind and plan to have some discussions with your CPA:Using the property for personal use during the year will prevent you from recognizing some expenses on your property.

If it is in San Diego, it will likely be a sophisticated value add and not passive.So if you house hack a local property at high LTV, recognize it will cost you significantly more than renting a similar unit.  

If the building is currently recognized as a single family residence,  then you are changing use and presumably will need to sprinkler the building and satisfy other fire rating and STC rating requirements not to mention the added costs of having to run mechanicals for multiple units, multiple kitchens, additional bathrooms etc.  

I do recognize the value and potential for great gains in doing a fix and flip and it is definitely on my radar.

Despite the Ohio Building Code recognizing the basement bedroom as a legitimate bedroom, the appraiser did not include the basement in the general living area (GLA) and didn’t assign much value, if any, to the additional finished space.Has anyone dealt with this challenge before?

It's a quadruplex (only 3 units recognized though) in Saint-Jean-sur-Richelieu, a smaller town about 45 minutes south of Montreal.

Given the legal challenges that can come with Foreclosure, I recognize the importance of having an Attorney involved for the Foreclosure process.

TX state statute recognizes Options, but seems most title companies and attnys are ignorant of the law, sad to say.

A lot of investors when they start to scale keep the numbers, but don't recognize the duds in the bunch.