I was so excited to buy my first deal that I went ahead and purchased the house anyways.

For more information, please visit Auction.com.

I'm looking for some guidance from some of the more experienced California flip investors in luxury homes to see if they might use a matrix or formula to plug in a set of  rehab estimation numbers for a luxury rehab as they are initially looking into the potential of a project being an acquisition candidate before they actually walk the property.I can typically create an estimated improvement budget for almost any commercial property in both office and industrial for proforma purposes before visiting the property, but residential is a new animal for me. 

Now, this was coming off an insane boom from '01-'06 (so I'm about even on all and ahead on a few.  

It's rather pointless trying to lead the blind if you are not a visionary (sorry).Until a property has a principal or someone with standing (capacity, powers and authority) to sell, encumber or oasis marketable title, it's pointless to plan too far ahead. 

Most people who visit this site are interested in real estate investing.  

Several vacant units in the neighborhood.Night: fairly quiet overallAnother issue was that I was able to visit 1 of the 3 unit, it was poor maintained by the tenant. excessive trash & foul smellI am thinking about speaking with a local property manager for their opinion, I would love to hear everyone's thought here.

for free waltz into the planning department and speak with a planner... either over the counter or if they will set an appointment... this will give you a heads up on what is permissible use... once you think its still doable.. then go see a good land planning firm that may also have a civil with it. 

(ii) the reduction in loan balance.This can be estimated for a few years ahead to show a trend.

@Brent Kiger I'm actually working with a turnkey provider, and I'm planning on purchasing my first property without visiting.