This works out OK because your purchase was based on the current condition, so you are in effect not paying for the damage done prior to purchase (the previous owner basically paid for this in accepting an offer than was based on current condition).Good luck

I like the cost effectiveness of investing in mulit family deals.

The only negative effective so far has been that some of our timelines to liquidation have been pushed back. 

It also touches on the potential effects on the people they employ and general housing market. 

My immediate goal is for my kids to see the fruits of my work.

Will the income you generate be considered ECI(Effectively connected income), FDAP(Fixed, Determinable, Annual, Periodic) or FIRPTA(Foreign Investment in Real Property Tax Act).Is there a treaty between your country and the US?

The mortgage melt down and the resulting real estate crash were the effects of the very cause. 

However, the new ADU laws in California that went into effect Jan 1 2020 may provide a loophole.As I understand the laws, they say that the city cannot use lot coverage to prevent you from building an ADU under certain circumstances, therefore I wonder if I could do the following:STEP #1: Convert two garages into uncovered carports, causing them to be removed from the lot coverage and bringing our lot coverage well below 45%.

The appreciated value of 95k, will have a new effective cap rate with new buyer.  

Not one of our 3 buyers or 1 seller that were under contract were effected.