Last night, I learned that there's a problem with the home: during the inspection, six gas leaks were identified, and repairing them will cost approximately $7,500 in labor and materials.

Given that it is reflected in the price most of the time, and therefore to buy a property in a lower school district will cost less on the front end, often require a lower level renovation: it all comes down to the numbers and which is going to yield the largest return for the least effort/headache.

If it is a regular rental, draw up paperwork that clearly outlines how much money they lent you, when it will be paid back and how much (eg if you buy a house for $400K and 10 years later they move out and it sells for $500K-do they get a percentage of the profit (after taxes and costs)?

To save on costs they can't pay their staff nearly as well, leading to good employees leaving for better opportunities in the for-profit space. 

Feel free to message me.

However, due to very, very high cost of living in Silicon Valley, and difficulty buying a reasonably sized home, and given I will remain in Bay Area long term most likely (family all here), also need a property appreciation strategy to some extent, too.

Replacing cast-iron piping can be costly and labor-intensive, and while the mixed plumbing indicates previous updates, you might want to get an estimate from a plumber to understand the full scope and cost of replacing all cast-iron pipes with PVC.

I'd be happy to discuss this further and explore how we can help you achieve your real estate investment goals.Please feel free to reach out at your convenience.

Take that number and multiply it by 12% and that’s your allowance for marketing per deal  Take that number and divide it by your historical lead cost.  

I still have no clue what's happening at my project- I know people don't work for free so I'm sure it's going nowhere.