Your last paragraph was very important as I learn about buy and holds…don't bet on appreciation.  

You are making a bet, perhaps an educated guess, but just the same, a wager that average home prices in a given community will increase.People who buy with short term gains in mind are speculators; they often just don't know it.

Tear all interior walls, build new interior, it should be around $70/sq ft to build from just flooring and column support. whoallah!

I think your best bet would be to find a professional property management company to handle it. 

Now everybody says it will stay the same, I bet it will rise...So think I wiser to stick to 4-plex and lock a 30-year rate instead of floating with a commercial loan . 

Never buy a property based entirely on price trends (people who bet on appreciation lost their shirts in places like florida).

Most of it the market was short a substantial part of those funds so they will just plug a hole.The market should not be up on this news, and I bet we will be back at Dow 11,700 by the end of this week.

Your best bet is a broker or correspondent lender with a medium size officet that is approved with many lenders/investors.Just because you walk into a bank to get a mortgage doesn't mean they are actually the lender.

A lot of these comments are votes for tear it off, being this is a flip, I bet most of you would not want to pay for it, considering that and the bottom line, along with the fact this home is in sunny CA, you still vote that way?!

Id bet it all on black... and still come out equal to, or better than 98% of newbie wholesalers whether I won or lost. :)