Note I'm not contemplating repairs / maintenance type stuff, such as sewer mains or 1) Moving a home to a new location (as in so expensive you're nuts to contemplate it)2) Replacing / significantly changing external look / structural elements / adding a story3) Replacing vinyl siding with full brick or stone all the way around4) Replacing old heating (baseboard radiant) with new, such as a heat pump and forced air5) Updating Kitchens6) Updating bathrooms7) Replacing floors (like carpet to hardwood or stone)8) Updating fixtures9) Painting

will be very hard to foreclose.2. 300k in ECB violations ( i have already negotiated with citya  one time pay of 75k, but that is my specialty they might not know they can do that or willing to)3. engineer report showing issues with the home and approximately 50k in necessary renovations to meet conditions to reverse violations.

The unit above had a flood so ceilings need to be painted and the unit itself had a flood and needs flooring replaced.

I believe it will rent for $575-600 after painting some carpet replacement.  

I am a formal mechanical engineer, turned real estate investor (i know!).

Then you have the opportunity to put a tenant in the door to replace you and at that point you'd be profiting and on to your second property.Anyway...

I've started my career as an Engineer in the Anaheim, CA area.

Please replace the first six example values in the form below to calculate the Total Estimated Costs, the Estimated Loan to Value Ratio and the Estimated Cash Needed From the Borrower to Close as it might pertain to your deal.

IF that old beater has a chimney I know it needs replaced. 

I finished college in 2013 and although my degree was in engineering, I have always had an interest in finding something outside of my field to pursue for my future.