. :) Can you address other two questions in the body?

Think about the neighbors too... what would be the impact of noise and traffic?

Im torn, between the understanding that in Los Angeles County there is a real need for new housing. The benefits new housing does to the real estate market is good for potential home buyers and renters. The lack of su...

I'm also in the same boat as @Arlen Chou where my offer isn't impacted by what I have sitting in the bank.  

I just don't know what the tax impact of this will be.

Self-driving cars & ride-sharing scares me from entering this market, probably not going to happen overnight, but I can definitely see this having a huge impact on parking

Therefore, eliminating the deduction could seriously impact homebuying, especially among less sophisticated buyers.

I think opening walls makes a huge impact for short money.

. $625 - $916 (10% return on $110K equity) = ($291)Of course this is only how I value cash in equity as most cash buyers place zero value on the actual cash tied up in a property.If you financed, as you suggest, and distribute the cash to minimum DB on numerous properties you could double your income assuming of course you are a long term hold where real estate values do not impact held properties..

The first floor is a body shop/used car lot and the second floor is a 3 bedroom 2 bathroom apartment.