I live in the SF Bay Area.

City will not allow development of a home on the lot.Rent space to billboard company - Called 2 billboard companiesNOT ALLOWED - city does not allow any new billboards to be erected inside the city limits.Build multi-bay garage and rent each bay out for car storage NOT ALLOWED - local law prohibits erecting of secondary structures without a primary structure.Rent to seasonal businesses like flower tents, local farmer, etc.

I'm evaluating a 45 lot park with an additional 7 RV sites, a 3200 SFH, a 3800 sf warehouse, and a 3 bay 40x44 garage. 

The problem with remodeling and flipping right now in the Bay Area is the price of construction has skyrocketed.  

I live in Bay Area (Northern California) and planning on starting my real estate investment portfolio.

One takeaway is that as long as the property appraises for the purchase price and since I plan to buy and hold and the numbers look good, I should keep my fears at bay.   

I'm a Bay Area person so it might be different here, but I can count the number I've seen that actually got to the closing table on one hand. 

Seeking someone with California Contractor License, experienced in Tiny Home construction, as well as RVIA certified to oversee construction of Tiny Homes through organization located in Bay Area...Any recommendations/ connections would be great...Thank you!!!

@Amber Scavone buying turnkey rentals in the tampa bay area is getting very difficult.

My family lives in the Bay Area and have the following properties:1.) 5-bedroom SFH (their current home) - comps for similar houses in area are around $2 mil, mortgage is paid off, old house and needs major work if they were to sell2.) 2-bedroom Condo –comps are around $600k, still have $300k remaining in mortgage, currently leasing it out for $2500/month which just barely covers the mortgage payment + HOA, in pretty good condition and needs very little work to sell3.) 3-bedroom SFH – unoccupied and worth about $1 mil+ according to comps, used to take in about $3000/month from previous tenant, needs major work before selling ($200k+) Does anyone have any thoughts on these properties and some general advice on what they should do?