I will have a thriving BRRRR and flipping business going and an almost $1M home on my hands producing great revenue.

There's no way to get hold of the owner, and the bank would not be selling till they're good and ready.My wife was a VP of a loan company and they have procedures in place to prevent fraud in such cases.

Multiple segments of the expansive San Andreas Fault system are now sufficiently stressed to produce large and damaging events."

Thanksyeah thats right but i am not looking specifically to flip properties... i am trying to just get a return on my cash ... my goal is to buy a fixer upper to produce a better return on my cash than a turnkey propert... regarding cap rate... its a formula that is just for comparison ... its not the end of to real estate investing, i just use it to get a sense of what markets i am looking at in my area.its your net operating income / purchase price... so if you net 10,000 a year after all costs and the property was 100,000 then you have a 10 capit takes leverage and downpayments etc out of the equation and makes things easier to break down for me personallythe higher the cap rate the higher the theoretical return on paper.

I produce instrumental music (focus on 90s hip hop and some trap music, I have releases on Spotify).Any suggestions?

As with any business, it's critical to know your customer, and to understand whether your product matches your customer's desires, needs, etc.If you plan to sell the property, then yes--1 bathroom will certainly be worth less than 2+ bathrooms.One middle-ground strategy is to buy a 1 bathroom house that has a floorplan and plumbing arrangement where it would be relatively easy and relatively inexpensive to add a 2nd bathroom, and then add that bathroom....I've done this before, and in my case it was very successful--it completely changed the tenant demand, produced a great CoC return from increased rent, and increased the value of the property. 

Cap rate is the ratio of net operating income over the property value.It is not a function of the financing rate used to acquire a property.It is a good tool to compare various commercial assets just based on the cashflows those assets produce and the asking price or market value they command.For that reason there is no direct relationship between cap rates and interest rates.It is more of an indirect one.

Here's a general overview:130 acres of land split between two parcelspreviously operated as a golf course until the owner passed away; it has since been shut downalready has a septic system for the club house/restaurant that has been maintenanced regularly (not sure how many homes it could sustain)land was evaluated by a developer, but was written off due to a lack of public water/sewagetownship told me (not in writing) that public sewage and water will likely go in within 5 yearsthe land is aesthetically pleasing with rolling hills (slight grade) and a few pondsOwnerswell off financially; want to sell but are in no hurry; they are considering a few optionswilling to work out flexible terms: owner finance, lease, lease optionrequire that in the event of a lease or payment delayed owner finance situation, that the taxes are coveredLocation2 minute ride to the highway11 minute drive to a Walmart Supercenter$93,000 median home sale priceone hour outside a major metro6.2% unemployment rateStartup Capital Required: Property taxes through-out development of first phase of MHs until income producing; then split profit, begin payments, etcEngineering plans for 50 homes (expandable to 200 based on demand)surveys, environmental assessments, permittingdesigned to eventually tie-in to public water and sewageConstruction of lots, roads, and foundationsPurchase of new homes to be sold offI believe there is a significant demand for a family friendly park, retirement community, or both. 

*How does this procedure usually take place?

in addition what the cost and procedure would be to tear down the existing property to a 3 bed 2 bath raised ranch