I'd be willing to live in it which appears to have some benefits for a condo conversion depending what town you're in.The thought being that we could buy a duplex/triplex/quad, convert it to a condo, and sell off the remaining units leaving me with (at the end of the day) an affordable housing option.Here are the condo zoning laws that I found for Sunnyvale: https://www.huduser.gov/portal...My understanding is that they don't do condo conversions with <3% rental vacancy rate, but it looks like it was 3.1% from the most recent HUD market analysis for my area that I could find: https://www.huduser.gov/portal...Does anyone know someone who has done a condo conversion in the Bay Area?  

Purchase price: $215,000 Cash invested: $75,000 Sale price: $385,000 10 weeks project What made you interested in investing in this type of deal?

Income is not relevant in this analysis. 

It really is the best way because in one city, you might get a quote of $10k to re-wire, and then your project house cross the country, all the bids come in at $20k.

They project a profit of 200% in 3-4 years. 

@Mark Gerlach creative, but mortgage fraud.You have to disclose if you own more than 25% of a business you use as income to qualify.Why don't you just get a DSR loan that should allow you to do the rehab and use the projected rents to qualify?

Hi Everyone - I am working on a new tool aimed at making real estate investment analysis a data-driven process.

Pluses and minuses to everything where each individual investor weighs what they can live with versus what is a deal breaker for them investing in a property or project.  

Then you could determine how far you want to go with the project vs your capital vs partnering with someone to help make the vision viable. 

Secondly, the language of the agrement is going to be highly dependent on the project type or investment strategy.