Some of the costs that you are describing may potentially be eligible as start-up costs or added to the basis of the property.

Personally I’ve stuck with SFH to avoid tenant on tenant conflict but thsi will let you find out if “the juice is worth the squeeze: with very little risk. 1) I assume you’re getting a least a few percent off for not involving a realtor.2) I assume you feel confident with the value (maybe ask a local banker what they would lend you on the property and even lay for an appraisal.)3) this is all assuming that this is a small investment to you as I’ve described above, not most of your savings and all of your operating cushion. 

Anyone able to advise me on the process of buying a preforeclosure property in CA or point me to a website that describes the entire process?

Like a phenomenon that one can't describe or decipher easily.Or probably people is really living in cloud with their 5g everywhere lol

(A) For an accessory dwelling unit described in subparagraph (A) of paragraph (1) of subdivision (e), a local agency, special district, or water corporation shall not require the applicant to install a new or separate utility connection directly between the accessory dwelling unit and the utility or impose a related connection fee or capacity charge, unless the accessory dwelling unit was constructed with a new single-family dwelling. home."

If I could add $140K in equity, I'd just want to know how much it would cost me to do those renovations and based on the scope you've described, that should be more than about 8 weeks of work max.

@Connor Bause there is currently another meet up like what you described.

The Maximum Allowable offer as described is ideal.its simple enough

I’m sure there are less than reputable companies out there doing the things you describe but we’ve been very pleased with Johnny and his team.  

An electrician could ground a single outlet for you as described above or run a new line from an existing GFCI to wherever you want the dishwasher.