I have a couple of Bay Area clients and used to live in the Bay Area myself.

The entire project took around 3 months with EVERY square in minus the electrical( some added) being gutted and renewed.

Is the walkout directly to the backyard or up out of a Bilco door?

How many lots occupied and what were the lot rents?

Hard Money Loans: These are short-term loans from private lenders based on the property's value rather than your credit score.

If everything goes right I will be able to refinance and will have created 25% equity, or I may end up having to bring $10-20k to the refinance to get the 75% LTV depending on the appraisal, but even if that's the case it's still a great deal.

If some buyer comes up and wants a 7.5 to 8 cap I would tell them to pound sand.

If you just grab one off the Internet, it will have a lot of holes.

This is a great place to learn and to connect with people so take advantage of all the great resources.

Due to the income earned in the landlord account that goes to the benefit of the client, you should cut the check directly from the account through the bank and do as the law says, hand-deliver or certified mail.