But i want to get my foot in the door and have a feel for it, doing most the work(within my Skill) by myself.

We require a personal guarantee along with a credit check for the guarantor.Seems at the 3000 to 6000 square foot level seems most are start ups, or have out grown their first building.

I've researched this in our area, and $2 square foot is what I come up with.

Air conditioned, one large room, 12 foot ceilings, or open to roof.Finished homes get a valuation of $70-$90 PSF in the area.

If you've got a split level, you could have a whole bunch of people living in there with several people bringing in income. they would list each person's income in order to qualify for the unit.There are limits on # of people per square feet bedrooms & I wouldn't do it...could be too much damage to the property.1 time, this guy was renting out a place across the street with 3 br in a 1400 or 1600 sq foot SFH. they had 3 families jammed in there - It was unreal. there was this nice caddy parked there.i come home to see cop/county/DEA cars everywhere. yep, the kid was selling drugs. the next tenant had just as many peeps in there. unreal.

He got it from a sheriff sale and it sounds like he never actually stepped foot in the house.

I'd be concerned about poor footings and water erroding from under the footing.

However; with the traffic on the road and foot traffic visible on the picture, it does look like it's a very active area.

But will still be buying in Richmond still, and select properties in Oakland..It's definitely a lot more per foot (and very high GRMs) once you go south of the SF parallel..

Agreed with Jon that -- without knowing more details -- the rehab could certainly be higher than $75K.If prices were the same as in my area and with my contractors, I would expect the prices for the things you mentioned to be somewhere in the area of:- Electrical: $6000- Foundation: $3000-10,000 (depending on scope)- HVAC: $6000-10,000- Plumbing: $2000-6000- Sheetrock/Insulation: $6000-8000So, you're looking at $25-40K just on those things.And that doesn't include:- Demo/Dumpsters- Permits- Windows- Doors- Carpentry- Paint- Flooring- Cabinets- Countertops- Baths/Showers- Finishes/Fixtures- AppliancesAnd that doesn't even address the exterior.In my area $40-45 per square foot is about right...if it's historical, I would guess Jon is right on at $50K/sf, or maybe even a bit more if there is a lot of historical restrictions imposed by the jurisdiction.