@Mohamad Guene Regarding your question, it really depends on the investor.

Depends on the bank!

JakeIt depends on the lender and type of loan.

Does the cost per sqft account for electric and plumbing? 

Costs and Timeline: The process of splitting and developing lots can take time (1.5 years) and may involve significant costs for permits, construction, and other development fees.If you want to learn more about how SB-9 can work for situations like this, check out our website "CityStructure" for more info and helpful resources.

It might even work if you don't house hack, just depends on how much rehab is needed.

For example, if a property rents for $2,000 and costs $200,000, that’s a 1% rent-to-price ratio ($2,000 ÷ $200,000).

Take your sales price, minus selling costs, minus any capex, minus purchase price and that’s your taxable gain.

My total cost is 40k, can resell at around $130.

It will cost less than $150,000 and will need moderate renovation work.