We brought in new cabinets and appliances (ya dig the cool, red, retro fridge?)

I have run the numbers, looked at zoning, etc. etc. etc. and I believe it can yield between a 1 to 4 million dollar exit depending on construction strategy.Just to clarify, I am ok with giving away some of the deal, I am even ok with giving away MOST of the deal.

I closed escrow 2 days ago, with a 1st time home buyer who purchased a multi family residential zoned, 2 unit house (single family on the MLS- hah!).

However, in today's market getting $1400/mo in rent for a $60k property seems like a red flag, but I cannot verify so I would be sure to double check your rent assumption.

Starting with a duplex or SFR + ADU in San Diego due to friendly zoning laws, is a great way to get the ball rolling in REI!

Good Yelp reviews is not a red flag.

You may run into issues with all the red tape to get through.

If you bought this place, you would be in the red every month.

I eventually ended up using my lender (who pre-approved me).Due diligence, I looked up Wise's blog ensuring this was not in D or F zone.

That will free up your ability to use the FHA loan program again and not have to worry about red tape rules.This will also give you the opportunity to live with your Fiance' and test the waters.