At this stage you're probably better off investing that extra money into your primary business activity.What part of CA are you in?

Starting out, I would try to take equity from your primary/another property using a HELOC, borrower against a 401k/retirement account, or partner with someone that has cash. 

I'm just hoping someone with actual knowledge of it can provide some information that offers an alternate explanation.

The property was my primary residence for a decade and now functions as rental unit so I am happy with the purchase overall and it has worked out well.

I buy homes as a primary residence with 5% down and move into them keeping my previous as a rental and the area that I live doesn't have new builds that would work for us, otherwise I would buy a new build. 

Thank you for this breakdown and explanation.

But it goes to show everyone reading this that marketed projected returns are often the primary metric many investors look at.  

You also need a detailed explanation of each cost item to solidify a clear scope of work for that specific task.Experienced general contractors provide computerized plans to show the current existing conditions and the proposed final floor plan.

This is a complex question, that requires answers with exceptions, caveats, and explanations, but here are rough examples:A.

Hello I needed some advice about my idea. I am located in new york city. I am looking to buy a condo or apartment in nyc five borough area or any neighbouring counties( Long Island, Westchester). The reason is because...