Certs and perfecting title is a lot of work... and a certain expertise is needed , along with stick to it ness ( which I tend to fad ) and follow through.. interest rates are paid but they are also bid down in many markets.Its just like anything in RE it can be done , it is done , some are wildly successful, and others go half way and never do much..

Get multiple bids because electricians vary wildly.  

But CFPB is such a wild card that I would not deal with owner occupied mortgage. 

Many times they are helpful to tell you how to use the system to spit out what you need with these proprietary codes and using wild cards.  

So a wildly successful first year in the business makes you 30,000 before business expenses.

There are very few instances where it is the same as the market value, and it is sometimes wildly different. 

@Matt Williams This stuff is kind of like the wild west.

This is in part what was driving prices up so wildly.

We call it them the “Wild West” for a reason, they have no clue what they’re doing and it shows.

The construction could take much longer to complete, costs could increase, the market could experience a downturn by the time construction complete, wild fire are also a threat in this area..High end Malibu homes also take a while to sell and i could be stuck with a huge liability for months; this local markey is not really liquid Retrospectively am not really satisfied by either scenario; even though i'm glad i did it as i learnt a lot.I think a multifamily development in a gentrifying area would have yiedled much better.Multifamily properties appreciated above 10% in some part of los angeles this year, whereas the mountain areas where the lots are haven't really gone upGiven that 800k in equity could buy me a 3200k rental, i calculated that i could have yielded above 40% in cummulated gains and rental incomes each year, cash on cash, without doing anything but buying a low risk 8% real cap rate propertyMultifamily construction would have yielded way moreWhat is your opinion on this investment?