Everyone thinks that foreclosures, tax liens or ANY reason to be in distress implies motivation.

This implies you should be able to exit about even (small profit or loss).. https://www.corelogic.com/intelligence/us-home-price-insight...if your hold was longer so there was significant prop 13 discount I may recommend holding but not the case here.  

If all further work must be classified as either a "repair" or "improvement", then that would imply that there can indeed be "repairs" to a property that has not yet been rented in the eyes of the IRS. 

I was mentioning there was another person talking up their deal and doing exactly what you mentioned in your comment.I have seen that if one person posts enough about something, you get other people reading it then blasting out unsolicited DMs, like you received, thinking that is all it takes to get people to invest with them.I am sorry if I was not clear that I was just referencing another series of posts from a few months ago, and was not trying to imply this was specifically your situation.  

This implies residential units can be built at lower costs and provide better return. 11) adding an ADU to SFH can make the SFH fall under rent control.Good luck

In addition, along the same lines as suggested above, be aware that in California, every contract includes an implied covenant of good faith and fair dealing. 

:) I have a personal coach, biz coach, personal trainer, spiritual group for men and one for my wife and I together.

Implied vol is high 30%s on both of these. 

This is actually the hottest market in America IMO.With that level amount of money you have to play big and do NOT think small ( i am still small investor LOL)I'm concerned I might run out of cash servicing the debt (I presume you were implying a take a loan and use the $5M to leverage into something bigger) and overall expenses of a massive, muti deca-million property, if it weren't a multifamily.

It is much easier to talk about being conservative when the sponsor implies that they are CHOOSING to keep millions in reserves or buy a low interest rate cap.