This is done via a traditional cap table.

That means paying all cash isn’t an option unless you plan to bring another $600k to the table. . 

Just curious - what tool are you using to create these graphs and tables?

Most hard money Lenders can't give you final approval without the property because they do an analysis to determine what their risk is. 

Quote from @Daniel Huang: Hi, I am trying to transition to develop my rental income as I am in the final years of my professional career.  

Check out this table: https://www.municode.com/library/ca/oakland/codes/...This is what you're looking for: https://www.screencast.com/t/Xkyp3OZWkI Oakland, for a building with 3 units or more you need to have a lot sized at 7,500 sq ft.  --- From the zoning code it says, an RM-2 zoned lot can have "1 unit per 2,500 sf. of lot area"If you don't meet that lot size requirement you'll need to make a request for a variance, then post notice about the desired change in front of the building.

In December the roof was finally repaired, however the damage to the ceiling has not. 

Metro (38%), is between 20 - 39 years old (Source)Net Deliveries and Vacancy RatesCoStar: Apartment Net Deliveries, Apartment Vacancy, DC Metro (1/7/2025) Period Net Deliveries Vacancy 2029 9,737 6.920% 2028 7,844 6.985% 2027 7,078 7.148% 2026 6,967 7.225% 2025 EST 7,845 7.225% 2025 YTD - 7.459% 2024 16,059 7.470% 2023 13,676 7.054% 2022 12,352 7.047% 2021 13,813 6.496% 2020 14,973 8.506% 2019 12,925 6.548% 2018 10,918 6.409% 2017 11,794 6.900% 2016 11,730 6.773% 2015 12,240 6.758% Below is a table from CoStar outlining the upcoming net deliveries of multifamily units in the D.C. metro area.

That would be “leaving money on the table.” 

I'm a long time lurker finally getting ready to start making a move and getting that first rental property.