Since you plan to throw her out - see if you can help her move and find some place for her, Medical is very helpful for assisted living I believe - or perhaps get her family to do so, if she has family.I think someone else mentioned the 10:1 price rent ratio - I use this as a rule of thumb so the way it is now it doesnt work, but if you can improve the rents it will work. the price doesnt seem high for 1700 sf in LA.

How old is the building and have there been any capital improvement to it?

Many capital improvements recently made to the property including new paved roads, Welcome Center with laundromat, and ADA compliant bathrooms.

After you get the tenant buyer to be checked out by the RMLO, and you have a letter that says that if they pay down debt or increase their income or improve their FICO score over two years or whatever, they should be able to get a 3% FHA mortgage, you then have the tenant buyer deposit$$$$ into the title company or attorney’s office.8. 3% assignment fee to you9. first and last months rent to seller10.

I think I would be willing to invest some money in improvements to instill a little confidence in a seller who might otherwise not be willing to take the risk in me.

Mark and I finally agreed on an improvement plan today, which is why I haven't really started on much before today.Folks, I gotta tell you.  

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No, but it, along with our improvements to the building envelop are starting to show lower turnovers.  

I'm looking for some guidance from some of the more experienced California flip investors in luxury homes to see if they might use a matrix or formula to plug in a set of  rehab estimation numbers for a luxury rehab as they are initially looking into the potential of a project being an acquisition candidate before they actually walk the property.I can typically create an estimated improvement budget for almost any commercial property in both office and industrial for proforma purposes before visiting the property, but residential is a new animal for me. 

I tend to stay away from C class and want to make sure this is the right property to improve.- Gratefully