Hi Contractors and BPers, What is a good "binding bid" estimate to build a mid-century modern single family home in Los Angeles with quality materials?

Deal should have mid- to high-ratio of 65 years of age or older, ideally 40% or higher.

If you can live out here and own good cash flowing property in the Mid West then you'll be doing ok.

I don't do too much multi-family, though I am midway through renovations on a duplex flip near Chaminade that will hit the market mid-April. 

I get weekly leads from realtors my problem is trying to put the deal together.I am looking forward to learning as much as possible and looking to construct and close a deal by mid-year.

I have mid to lower income units but screen well.  

The list just came out in mid March. 

My husband and I are both employed full time with good incomes and we're in our mid twenties.

Those at least are listed mid market (Unlike the other places that are top of the market) so you might be able to get a minor deal on one.You are probably going to need to expand your search a bit or be prepared for it to take a while to find something. 

I'm just getting started out in Chicago and am wondering why there is such a disconnect between the county assessor's value and the market value of properties.For example, I've looked at several MFHs on the market in the mid $400k (with close comps), but the county assessor value is closer to $200k.