, in order to prevent an overproduction scenario.Do you think I should get info about how easy is it to get construction permits in a certain market?

Perhaps in 40 or 50years, but not in 7.Maybe auto ownership could drop as taxis get better, but what about recreational driving and rural areas?

Rents are cheap (1 BR/1 Bath, 800 SF for $600 is not uncommon), decent to very good recreational areas, and decent shopping.

Had a buyer who was ready to buy, but backed out because it was originally a duplex and he couldn't get a permit to build it back as a duplex because it was abandoned for over a year and has to be re-zoned to a single family home.

There has been no due diligence with regard to zoning, permit costs or needs, liens, existing mortgages, property taxes, insurance costs or other considerations, practically nothing useful and needed other than a maybe on the ARV and a guess at repair costs.

Permit costs and other fees involved?

Its a big job and requires permits and inspections, so its expensive.

If it is cheaper to demo and replace (don't forget plumbing and associated permit costs), then why not take the approach that makes you more money.One other thing with old tubs.

We are building a house in San Clemente, (it's in for permits right now) and are planning another in Capisrano Beach, then two condos in San Clemente.

@Andrew Tudor If you haven't already, go to http://cagisperm.hamilton-co.org/cpop/permits/address.aspx and plug in the property's address.