Always run title to check for any clouds, try not to gamble on super small tracts of land like this unless confident in own title searching capabilities.

If you where going to be able to recreate the orginal layout, you would of been able to do so by the clues left behind by remaining framing, be it the "honey" holes where the toliets once where, the sizes of the holes in the joist would indicate what pipes ran where be it hot and cold supply, toliets, showers and other industry standard tell tale clues. 

Those funds are valid if you supply the note and mortgage/D.O.T. 

I mainly deal with short-term rentals, requiring constant turnover and restocking supplies.

@Philip Hong I love this product type, it's in short supply nationwide.

Also if he is just taking PITI into the equation, he is missing/withholding info about utility costs, stocking/supply costs, cleaning costs, etc. 

This marks Bascom’s sixth acquisition in 2024, further solidifying its strategy of investing in high-demand markets.Despite a challenging market with high interest rates, Bakersfield’s strong multifamily fundamentals, including population growth and limited housing supply, have made it a prime investment location.

It involves evaluating a sponsor's capabilities, track record, and financial stability to ensure they can effectively manage and execute a project.

For years, there have been claims that short-term rentals take away housing supply from renters and homebuyers and, as a result, inflate rents and home prices in nearby areas.

It is still a very tight market here with limited supply.