A huge number of properties we have looked at would have issues on this front.It can lead to an opportunity to improve the value of a property if you can buy it with an illegal area, get that area legalised and then sell on with a higher value that the bank would lend against, but it's not clear cut and it seems though that there are almost two levels of 'legalisation' - we were able to register all of the annex on the plans and could fully incorporate a portion of it but there is another portion that is too close to the back boundary wall that should only be used for things like storage and not ever for habitation. 2) During the purchase process be careful, amongst other issues with this property we had the situation where the seller's lawyer was not actually a lawyer (having been struck off).

Do not waste your money!!!!!!!!

My uncle has an offer he pays all development fees and then gives the guy who engineers it all 33% gross cut.

The tenant babbles about a broken down car, hours got cut at work, or whatever his excuse is.

He's worth giving a call.Liron CohenClear Cut Property & Casualty Insurance ServicesO: (818) 495-0494

-"light value add" won't cut it if you want to refinance and get most of your outlay back out. 

Admittedly, pricing will often account for any major items, and I don't believe this is true in Sandy Springs, but there are some areas that an interstate cuts off a small part of the neighborhood, and so labeling the neighborhood as "good" may be true for 90% of that neighborhood, but if you are in the 10% that is on the "wrong side" of the interstate, it can be a totally different market.

Your accountant probably sees your idea of going forth this way as a waste of money, and without knowing what those costs are in California I'd probably agree with him.  

From my experience sometimes the best rates and terms come at the expense of harder underwriting, longer wait times, and sometimes a waste of time (because they can't perform). 

I do not wish to waste my time watching videos,searching the internet for how tos and what I should be doing.