Mainly the panel is in the basement and it would require a ton of work and paying for labor hours + repairs. 

Simplified Approval Process - SB 9 requires ministerial approval for eligible projects, meaning they bypass discretionary reviews that often involve lengthy public hearings and bureaucratic red tape.

You should always require them to add you to their policy as "additional insured" or "additional interest" and you will be notified if they cancel or change their policy.

Selling below FMV treats the difference as a gift, requiring a gift tax return (if exceeding $19,000 in 2025).

Then add any other codes required where you want to build and study those as well.

Lower Start-Up CostsTraditional real estate investing requires 20%-25% down, making it difficult for many to scale quickly.

And I believe they require 30-40% down. 

@John Jacobs I require my borrowers to have policies that cover replacement cost. 

There are many ways to remove a tenant, but it requires knowing what motivates them.

.- You should have required the tenant to sign a Hold Harmless Agreement, indemnifying you against any of their claims.