We are rebuilding the vinyl villages that were built in 2000 - 2004.

With that kind of income, you should be able to rebuild that nesteg pretty quickly.

Then I could scrap the place and rebuild it later.

Thank you very good information yeah the plan is if I get it at the right price to tear everything down to the studs and do a fresh rebuild at that point I will be able to see all wiring and pipes.

Does the city it's in give you a hard time when pulling permits/rebuilding?

Does the city it's in give you a hard time when pulling permits/rebuilding?

Rot was found on many of the joists when we opened up some walls, so we ended up having to pull plumbing and bathroom rehab permits with the town to make sure we were re-building the bathrooms properly.

Your solar energy would come in beneficial in the income approach or rebuild approach but probably won't bring a ton of value in the sales approach.

This area has sustained 2 major wildfires in the last decade or so, so we're rebuilding lost inventory at a rapid rate.

You may be able to find a multi-family (in this group) that meets your desired criteria.If you do this and spend the upcoming years rebuilding your credit you will be in a much better place than today.You just have to remember that this is "just a season in your life".