@Steven Navarro  based on 9 other 3 bedroom units within 1 mile - they are getting on average $1400 - $1500 / month per unit - you may be able to go up a little for a brand new build - but the chances of $2400 per unit are slim to none - you can rent out a mini mansion in Clovis for less than that.

Especially as I am new to this and getting caught with slim or zero margins on something is a nightmare to me.

So the odds of what you want to happen are almost slim to none.Good luck.

The likelihood of him moving out at this point seems to be slim to none.  

The chances of redeeming a nice property are slim but the principle + interest payout is lucrative depending on the county.

Hey Daniel, HELOCs for investment properties are hard to come by, yes they are lenders for this but slim pickings. 

There are also good neighborhoods nearby to pick up some investment properties, although 1% rule is going to be tough to hit and the $350-450k price range is going to be slim pickings and highly competitive (due to the affordability issue here the entry-level price range is far and away the highest demand market segment).

The drive towards newer homes for investors has been that there is a lot of building going on and pricing is still very competitive with new homes making the difference between old and new pretty slim. 

Him saying “I didn’t give an easement” is almost certainly irrelevant, the city should have the recordered the work, but even if they didn’t , his ability to litigate this is slim.

If you can negotiate a really good price on the lot you may be able to assign the lot contract to a builder but chances are slim you will be able to do anything with these deals.