Found the owner and asked if they would like to sell.

However the layout is not very straightforward (like below).

Taking that first step to learn and connect is huge, and it sounds like you're already on the right path by diving into podcasts and resources.If you ever have questions about specific investing strategies or need advice on navigating the market, feel free to reach out.

yes 100% financing is likely not going to happen. i say likely because I'm sure there is someone out there somewhere who would willing to take this on, but certainly not going to be an easy find. ground-up construction is more challenging as well, as you will need to evidence your experience w/ previous ground-up construction deals where you are on title. this is how lenders feel warm and fuzzy about lending you so far above and beyond the existing land value before anything is built on it. 

To gain equity with MFH, I'd recommend doing modern renovations in the kitchen and bathrooms (like you said).

Hey Georgina, I'm in a similar boat to you as well!

The pricing, seller's vibes, location all made it seem like a sweet deal.

Hi Stephanie, I’m an investor in Orange County as well.

If this works well we could partner up in other deals Is this beneficial for us to partner although the house is running and making a profit?

The process is getting allthe information together like the 1003, credit authorization form, bank statements, income statements etc. they will underwrite the file and confirm the borrowers ability to repay.What state is this in?