I'm from the Bay Area originally and know that these types of stand alone houses are not very common but a condo could work.

Had I accounted for the additional California capital gains taxes in my original calculation I may have opted for the exchange...

(copy/pasting from other thread full disclosure - sorry always seems odd to me not doing original composition LOL)@Samia Moughanni - Hi Samia!

if you do 75% ARV cash outs  ( I think you can get that )  figure on at least another 5% in loan fee's closing costs etc .. along with taxs will need to be current insurance etc.

Example:  My option has a sales price, a monthly option fee credit, a 3-5 year timeline, and add the last year a Owner Finance option to convert to a refinancable note for to complete the acquisition.  

When we offered to buy all units, the seller happily considered financing because he had hoped originally hoped to keep two for 5 years so he could make some money over 5 years.

After you buy, things happen that blow your original analysis for better or worse. 

.), and annual property registration that must be completed to not incur a fee.  

The co-op is the one selling it since the original owner didn't pay their taxes the co-op became owners.

On one hand, you're covered by the cancellation policy, so technically you're in the right to keep the fee.