I'm in the Pacific Northwest where home prices are quite high.

I like that you are open to renting the project out if selling doesn't pan out. 

Of the few sellers that are even interesting at all, you guessed it, 90-95% of them will not pan out, ever.Even with those numbers, you can make it happen.

I received an offer for 100% purchase and 100% rehad on a fix and flip from Blue Pacific Home Loans.

It remains to be seen whether or not this law passes or another like it, but whereas we were at one point heavily-considering a second rental property here, we're holding off until we get a clearer sense as to how this will pan out.

Many ways that pans out but overall "condo model" in terms of what you're describing, either way. 

Plus always great to hear from the Pacific Northwest.

Buy and hold in Hawaii doesn't usually pan out unless you're willing to go negative monthly (often considerably) to maybe gain some appreciation over time.

With the 1031 exchange it sounds like i could start it and then if it doesnt pan out im at the same point as original and just pay taxes in 2025 on the capital gains.  

Stunning nature with the Pacific ocean and gigantic Santa Monica Mountain Range out the door with year round near perfect weather.Close to everything from Malibu to Calabassas, Ojai, Santa Barbara etc and within the same 45 min to 1 hour distance ( traffic depending) to 3 commercial airports, namely LAX, BUR, SBA.The university, USCCI is the only one of its kind growing in leaps and bounds while general enrollment numbers are in decline everywhere else along the CA coast.