Budding new investor which is great since I'm also working for a real estate lender for both commercial & investor with construction services. 

@Chirag Mehta For construction costs, you should be around +/- $100 PSF which would include all sitework, utilities, and going vertical with modern finishes.  

I know what exactly it takes to obtain a post-construction permit to bring any un permitted structure into compliance.

In the City of LA these unpermitted units typically still end up with a decent amount of construction work to bring it up to current code standards, but if you plan for it, and your budget/proforma allows for it, it can be an acceptable investment.

As a realtor specializing in pre-construction, commercial, and investment properties, I’d be happy to answer any questions or help guide you through the process if you’re interested.

My name is Jewett Richardson, and I’m a recent college graduate with a degree in Construction Management.

New construction has a very different risk profile from buying existing properties and fixing them up. 

I've offered to send the spreadsheets to anyone who wants them - haven't said a WORD about money.I've made no bones at all about why it works - that's my whole point, actually.... but, keep trying to find fault.

Hey @Renee CossGreat that you caught the STR restriction before starting construction! 

One way to do this is with brand new construction.