So I usually feel comfortable, however as I scale I know I’ll need to build in some safeguards.

Also, it is a bit time sensitive and the owner will bring this to the market in about a months time...Is it possible to combine 3 strategies here and do a 3% FHA, BRRRR, AND a construction loan?

Good luck and remember, these can be very sensitive situations so look to help them first.I hope this is helpful

As the owner of a plumbing company here in San Diego, I'm definitely more sensitive to asking for free advice from busy professionals while I'm still deciding if this market even makes sense.

It sounds affordable and useful, and can save that much in a month or two safeguarding flips against bad contractors.

It is worthwhile to have some equity as a safeguard against detrimental economic conditions.

Has anyone specifically dealt with this issue in this particular town, and what safeguards if any should be implemented?

However, one thing I would add is that, when vetting a Sponsor/deal, their acknowledgement and analysis of a "bad" situation is certainly welcome.For example, a sensitivity analysis that supports say a 2-3% return even if occupancy and rents don't come anywhere near projections, is still relatively attractive given potential returns on other investment vehicles.If a Sponsor you're considering is all rainbows and sunshine, I would take that as a red flag and move on.

SF is much more sensitive to vacancy risk and CapEx expenditures.

When you deal with foreclosures have your own title company and safeguard your investment.