The nearest city of any size is 45 minutes away.

The owner lives just a few blocks away in a very nice looking home with a view (gotta love G Maps.)House stats:SFH 3/2 with fireplace1080 sq ft lot size 6100carporttaxes $2366Comparable rentals @$1200-1500How would you approach this?

Don't kid yourself and think that potential tenants will be fine with a tiny 3rd bedroom and pay just as much as another unit with 3 normal sized bedrooms.

It's called a win-win scenario in REI lingo.I would also call her and ask her if she would like to take a few minutes to see an actual chart of estimated values and costs such as the FMV, the estimated repair costs and the way you arrived at the ARV.

While an extra $200 a month above your current rent+car payments is certainly achievable for a financially-disciplined person, your actual monthly expenses may be far greater than $2,155.When calculating your monthly housing expense, you also need to account for some of the following items that, as a renter, you do not budget-for, in addition to the $2,155 "base" loan payment:HOA (these can sometimes be several 100's per month, especially in condos)Homeowners' Insurance (this will be several 100's per year)Utilities (some may be covered by your condo HOA)Property Tax (if you don't save for this, you'll be scrambling for cash when the bill arrives)Mortgage Insurance (might be required depending on the size of your down payment) The above factors may be why your bank/lender is only qualifying you for a $1500 per month loan; though you can afford $2200 per month in aggregate, the bank does not want the HOA or County of LA to lien the property due to delinquent HOA payments or Property Tax payments, both of which are senior to the Bank's Paper.

I've paid between $6k and $12k for comparably sized demos.

The chart below shows you when people are searching and you can see there's a big dip in searches once it gets colder and the holiday season rolls around.

Yeah the third is extremely beautiful, but I will be using the white 3x6 in the middle photo with a 3 row square blue mosaic similar in size to that of the top photo.I'm honestly thinking of going with picture number 2 as it is a simple design that will be simple to install.

He has no yard, and reading between the lines, there are no updates/upgrades in his house, but still.Houses of the same age nearby that are similarly sized and in similar neighborhoods have been flying off the shelves at $165,000ish with multiple offers.

It's a unique commercial property in an area with nothing else close to that size available.