Keep in mind, cost/sf generally doesn't include any land development, so if the builder was also including grading, utilities, paving, etc. in the estimate that may explain the high price tag.Cost/sf is also affected by the simplicity (or complexity) or the design and the quality of finishes you want to include.

Of course that out of state investment is also a great strategy, but you have to understand what you are doing first, gain confidence and that will pave the way to a more successful out of state investing strategy and experience.  

Rehab included: new roof, basement drain tiles/sump pump, bathroom renovation, kitchen renovation, upgraded lighting in kitchen&living room, new smoke detectors connected to power, ran electrical to detached garage, paved driveway, painted throughout, re-finished hardwood floors

.- ADU will bring 10 times of annual rent to appraisal.And ADUs tend to bring 50k or less than their cost to build.I spoke with my realtor and he suggests building as many units as possible, but he is even older than me and:- too conservative- believes that all immigrants live in compounds, multi-generations families ratio will increase- construction still costs a dime and nickel if you hire unlicensed guys and do owner-builders permits- he rocks in East Bay Area and is not very familiar with LA.Regarding conservative rents: the lot is almost 7000 sf, tons of street and off-street paved parking, but the property is located in not the best area of Covina.

Hoping it paves the way to making deals on more properties to come.

Paved the road in one park.

There are 2 paved access roads to enter the property from and they are the dead ends from the subdivision.

There may actually be an Owner's Affidavit in the title company file that addresses notices regarding paving and similar as things like this can result in assessments.We have no idea whether they are putting in sidewalks, bike lane, etc. or if this goes from a 2 lane road to a 4 lane highway. 

Anything that is paved.11.

I closed my house hack in LA this way and has paved the way for my success in RE.