Purchase price: $215,000 Cash invested: $75,000 Sale price: $410,000 Total and complete renovation!

Cons: Property 1 has strong expected IRROption 2) Sell property 1 to pay off a construction loan on property 5 and purchase new SFR -- Pros: Improves cash flow by $1,000 / month, Adds $40k cash to bank account (after $30k loan repayment and $40k SFR purchase). 

Purchase price: $150,000 Cash invested: $75,000 Sale price: $332,500 Attention to detail was perfectly executed through out the entire home.

2nd question...so even though you're not doing an initial purchase and trying to take out the equity in the property, does a dscr really make the most sense or does something like a heloc do better?  

The buyer makes payments to the seller, who in turn continues making payments on the original loan.Structure: The new loan is typically for the full purchase price, minus any down payment.

Understand Closing Costs: Be prepared for closing costs, which can be 2-5% of the purchase price.7.

I don't know anything about the deal but after reading your post I googled the company and found a press release from Nov 2021 announcing that they had purchased The Aubrey.  

I am not a local and I am interested in purchasing my first property.

Purchased a home in Oakland in late 2022 which had a non-permitted garage-converted detached ADU in the backyard.

Purchase price: $150,000 Cash invested: $75,000 Sale price: $332,500 Don't miss this Freedman's cottage built in the Roaring Twenties.