I found the son on Facebook and sent a quick intro giving my condolences, expressed my interest in purchasing the property, and provided my phone # in case he decides to follow up.I'm in the process of preapproval with a couple lenders, and have reached out to a couple realtors in my area to see which may be a good fit.

Living in a great travel destination like Sonoma you should consider a duplex or triplex and operate the other unit(s) on AirBNB, VRBO, etc.

My son wants to move to Sacramento, his friends family lives there. 

@Anthony DiSanzo We have clients in 11 markets in the South/Midsouth from AL to Memphis to St.

We would love to meet for coffee at your convenience after we both return from the mainland.We will keep the investors club in mind - but on Saturday mornings at 8 am at this time of year we call our son in Prague so we can talk with him and his family.

And if they are a hobbyist/part-time builder, then they should engage the proper professionals, i.e. a title officer, civil engineer, architect, contractor et al to assist in reviewing the project's feasibility.

Quote from @Roger D Jones: SamEveryone here is providing great points to consider and if you were my son I would say that at 360k this 'dog needs to get put down'. 

No it's your friends boomer parents giving the downpayment to your Gen Z/millennial friend to buy that house to their newlywed son with their new daughter in law/wife being emotional and running up the price because it's a "dream" house.

BP Community, I’m reaching out because my 13-year-old son has developed a huge interest in real estate, and I’m not sure how to guide him. 

I had a case where it looked like the umbrella policy could get used but 1) ended up Not being needed 2) was vehicle related, not RE related.Our Son’s girlfriend was driving one of our vehicles and got into an accident.