They will need to be bought out but it doesn't look like the gonvernment wants to cover like they did for Bear.At some point when all the dusts settle, the financial sector will be one heck of a bargin for investors!

One's practically in the bag with $0 out of pocket, the other I will probably have to come up with some good option money but it still can happen.

I wonder if there has to be a surveyed demarcation on the contract or if a lawyer can draw something up that says "half of the existing lot" or something similar and then you get a new property line surveyed.I don't want to get left holding the bag on surveyor fees if the current landowner changes his mind before a contract is in place.

When the dust settled on all the law suits, two lots emerged.

I think that if you can do both, even if it is one rental for some steady income and then buying & flipping if that is your bag is best.  

Cheers to you for getting up and dusting off and giving it another shot.

It could take a while for the dust to settle on this, as the new law goes into effect Jan 1, and there may be a grace period for cities to adopt a new ADU ordinance. 

We replaced the top floor full bath for $3,500 and got a renter in after 3 months of rehab to upstairs and substantial demolition to the down stairs unit (didn't want to subject a tenant to the noise and dust etc.).

And is common after we file eviction they just pack their bags and leave.

We are all a mix bag of nuts and everyone has different sensors.