@J Martin is currently helping me in my marketing efforts to get a larger lending footprint within the Bay Area and expand my investor network not only amongst other BPers, but also within his own network, and has been a large support after meeting him at a Sacramento meetup he put together with @Al Williamson Thank you!!

I was provided a form from the "environmental office" and they are stating it is only a two bedroom house.  

This is not a massive expense ($3k for test and design), but it could impact the design of the slab and foundation for any new construction -- the methane needs to basically be taken from the soil below the new building and vented out to above your building.ADUBuild an ADU in the rear of your lot, either by converting the garage (w/ optional addition), by demolishing and rebuilding the garage in the same footprint (w/ optional addition), or by demolishing the garage and building a new ADU (with 4' setbacks from side and rear property lines).I know you said your neighbor had issues with renting their ADU, but I think with good design, you can make even a smaller space a desirable place to live.

Purchaser has option to pay off after year five (5)A single purchase price and financing term must be elected by both seller and buyer before the LOI is effective; the above terms are customizable to fit the tax and financial desires of the seller. 1)Insurance Documents 2) Environmental Report 3) Property Condition Report 4) Previous Title 5) 5 Year Loss Run Report 6) Rent Delinquency Report 7) Electronic Building Plans (Any) 8) Past 5 Years Major Capx 9) Previous Survey 10) Current Rent Roll 11) 3 Years Trailing P&Ls 12) Property Tax Bill 13) 3 Months Utility Bills 14) List of Personal Property 15) Copies of Service Contracts 16) Access to All Leases Deposit: If there is a balloon payment in year one per the respective price and financing terms, $5,000 initial deposit will be paid to Seller within 3 days of effective date.

If you're actually paying for labor a better estimate would be $30,000-$60,000 for a studio tiny home (8 ft by 20 ft footprint).

Drycleaner Environmental Response Trust Fund Act J.

While you may rent in an area that has a great footprint for rentals, you do need to consider what can and will happen if things tighten up significantly and you loose a renter during that time and struggle to find another one.* Sump Pump Coverage - If you're in an area of the country where sump pumps are common, then you do need to know what coverage is in place* Outdoor / Other Property - If you have a detached garage, shed, retaining wall, costly wall or fence, etc., then you should certainly bring these items to your agents attention. 

I can tell you from the photo that it won't fit within the footprint of that dishwasher, and if you take out the cabinet between the dishwasher and oven I don't think you'll be left with enough room to install both and have the necessary amount of space surrounding the unit.

I don't plan on doing any structural changes on my first project, just cleaning up and rehabbing the existing footprint.

FATs footprint is larger.