I believe some people have been doing low 4-digit buyouts on tenants in Oakland, although it does depend on the person and how far below market..

really depends on if your title companies are digital or do they still have to send someone into the court house and do search by hand ( title abstractor).. we stopped doing title search's by hand about 30 years ago on the west coast title companies have all digital bases. and can pull up records on the computer in a matter of seconds..

Some median prices have even dropped by double-digit percentages.San Francisco is still the most expensive city in the country to rent an apartment.

@Marc Winter After confirming no one was home, if it were me then I would setup a few Walmart Tasco 8MP game cameras around the trailer and land to find out who is coming over there. 

Added convenient technology (smart home features + security camera system + wired networking) Lessons learned?

I've worked full time in online digital marketing for 10 years (paid display advertising and social media) so I am looking forward to leveraging my skill set to also help other real estate owners/agents build their brand online.

Added convenient technology (smart home features + security camera system + wired networking) Lessons learned?

My suggestions:1) Be ready to demonstrate that the as-is $1.75M purchase price is a significantly below market acquisition price2) Try to get the Seller to provide all/partial Seller financing 3) Be ready to demonstrate that there are relevant comps nearby to justify your projections4) Have an absolutely airtight scope of work and detailed cost estimate with construction milestones5) If you are convinced of the lucrative nature of this deal and your ability to make it happen, consider raising additional capital from friends/family or other sources to increase your equity contribution to the project6) The lender's will want reward commensurate with their risk: expect double-digit interest rate and a personal guaranty.

As many people alluded to, get a bank app that allows you to deposit checks in your underwear at 3am using your camera on your phone.  

Plus, it's associated with a camera, so that is an extra security issue as well.