Originally posted by @Dave Poles:This 5-6 hour exercise proved to be too daunting for me as I have both a business and part time job.

For this exercise lets choose Bakersfield.

All rights, powers, options or remedies afforded to Buyer either hereunder or by law shall be cumulative and not alternative and the exercise of one right, power, option or remedy shall not bar other rights, powers, options or remedies allowed herein or by law.

All rights, powers, options or remedies afforded to Buyer either hereunder or by law shall be cumulative and not alternative and the exercise of one right, power, option or remedy shall not bar other rights, powers, options or remedies allowed herein or by law.

I'm actually looking a 20-unit apt complex that going for 1.5M but it needs a lot of work in all of the units so hoping to get that price negotiated down or see if there is a deal that can be worked out with the owner as far as owner finance or something along those lines I want to exercise all the options that I have where I would be able to use the help of others and also have something to offer them. 

BTW, I generally don't do this part of the exercise since I have an attorney firm handle it (along with interfacing with the trustee... which sometimes can be a pain if you are not an attorney;) You will need to pay the sheriff for service ($30/person) and the cost of the writ ($25).

Do that exercise and find out.  

I believe financial gain has similarities to exercise. 

There's tons of options for legalizing an unpermitted unit or leaving it as it is, so I'd recommend exercising caution, rather than avoiding unpermitted work all-together.If you're buying a true multifamily, one benefit of house hacking is the ability to put 3.5% down on a FHA loan- this can push your cash-on-cash return through the roof, and you only need to live in the property for a year to qualify for an owner occupant (low down payment loan).If you end up househacking a SFH with or without an ADU you can get better loan terms going conventional, with a 5% downpayment. 

@Jordan Workman nice work exercising your "deal analyzing muscle" - practice makes perfect, and being able to quickly vet the financials on these deals is an essential skill for any investor.