We have another house in Chestnut Park, aka the Lalor Tract, which is a 4 bedroom, 1.5 bath. 

Some newer tracts with strong HOA's may require the new owner to put up a fence.

As we know from 7th-grade biology class, the digestive tract of the snake simply engulfs the rabbit and, if watched over a period of days, the huge bubble progresses through the snake until the rabbit is gone.

In just the past month, I've met a handful of clients who match that exact demographic: young professionals who are ready to get their piece of the American Dream, but see how much a piece of crap 1950's tract-home is going to cost them in the Bay Area, and think to themselves "you've got to be kidding."

If they aren't FTHB, or otherwise can't swing FNMA HomeReady (income limits by census tract of the property, for example), and can't do 5% down conventional, and time is critical (because your HML rate is 15%, you need to recoup capital for the next deal, etc), find a different buyer.You aren't pressuring your buyer to take a crappy loan, for the record.

Income restrictions apply in certain census tracts.

Residential remodels is a tip of the iceberg in the construction industry, at least try commercial, industrial or government if you want to step up, or if you want to stay in residential, try tract homes, pay is almost the same.

I have a contact who could do property management in the area who tells me that massive amounts of tract homes are getting entitled there, so I am a little concerned about an impending flood of supply.

The recoreded plat should tell you if it is an actual buildable lot and what if any easements or conservation tracts may encroach on the property.

Anyways, Home Possible conventional 5% down payment program is a fantastic one to use, you just have to find a multifamily that is in a low income tract so there isn't a restriction on how much income you make.