We have a single family property near Hillcrest Heights in the 20748 zip that needs a full rehab.  

Our monthly investors meetup is this Thursday @ 6pm @the brew garden in Middleburg heights if you are interested in connecting with folks in person.

I'll use Cleveland Heights, for example. 

Also looking into some property in Bluemound Heights that I think will fit it as well.

Marc BodingerThere is no set percentage off for either functional or external obselesence, it really depends on the servity of the situation.Personally I don't like:Houses on streets with double yellow linesNext to commerical useNo off street parkingEither too few square feet, like less than 1,200Or to many square feet like 3,000+ for a rentalGoofy designsFlood zone, been there done that, last year had my office flooded with 4 feet of water and a residential property flooded with 13 feet of water at the same time when we got 2 hurricanes in a week.Low ceiling heights, looked at house with 6 ft ceilings and another with 4 ft basement ceilings, thanks but I'll pass.Roof line below street level, friend bought house like this people would drive by on the street and not see the house, which was below the street level.Too many bedrooms, recently looked at 6 bedroom house and once looked at a 12 bedroom ex-convent.

To those who have seen PACIFIC HEIGHTS I can tell you I could guess his next move.

They unbalance the look of the house,  You might want to add more substantial frames around the windows but, if so, I'd add height before adding width. 

Whenever I hear of someone wanting to pay so many months in advance with a wad of cash I think of the movie "Pacific Heights".... not to say there are any sociopaths involved here, but you need to be cautious.

"...it's like marrying sombody just because of their height."

Especially in California you should keep the work and the leasing separate.You want to sell a house that you may not be able to evict someone from, and you may also have a "Pacific Heights" experience or they could value the work more than you do, place a mechanic's lien, any number of hindrances to extort money from you over the sale.