Even the living room can be cut out to make a bedroom. 

After Powell said he will pencil in 3 rate cuts, the housing market started the craze again (Bay Area heavily tied to stock market). 

Loans taken out before this date are generally grandfathered in and not subject to the limitation.Purpose of the Limitation: The $750,000 cap was implemented as part of the Tax Cuts and Jobs Act (TCJA) primarily to limit the deductibility of mortgage interest on newly originated loans and to simplify the tax code.

Tenant in CA is also always always more credible.To cut the story short, my buy box is buy in area where DOM < 10 days, avg price > 700k.

Here is my expected cost:Land: $475kAcquisition Costs (Environmental, Survey, Geotech, Traffic Study): $25kSoft Costs (Engineering, architect, impact fees, permit, legal, closing costs, taxes, interim interest): $300kSite Development Costs: (Earthwork, underground utilities, curb cuts, fencing, stormwater, paving, landscaping): $800k ($400k/acre)Subtotal before vertical costs: $1,600,000 ($80/SF). 

To give you a more cut and dry answer however ...

That's already happening on the edge of professional research, but will spread over the next decades.I also think Skynet is going to happen in some form.

Analyzing a current property listed for 39,500.ARV x .7 - rehab cost= my max offerARV is looking at 60,000.Rehab is looking  around 10,000.70% of ARV is 42,000, minus 10,000 for rehab, equals max offer of 32,000.I do my best to underestimate ARV and under estimate refinance LTV, this could cut into number of deals acquired but reduces risk of over estimating and having money tied up in the property.

Will I get cut out of the deal if my buyer goes with the wholesalers property?

The systems they have can't be detected, cut or turned off, unless the perpetrators use bullets.