Not adding any additional living space, just dividing the two units, putting a kitchen in one of them, and probably not having to add a bathroom to either unit.  

Leather is very durable and easy to clean but more expensive.Depends on the property and your budget.Sleeper sofas give you more sleeping capacity.

How did you find this deal and how did you negotiate it?

I have a primary house in Santa Maria CA that we are renting out and getting cash flow from it,  thinking of using the equity from that house to buy here in Orange County.

Welcome to BiggerPockets and best of luck investing!

Purchase price: $125,000 Cash invested: $50,000 I am currently looking for properties for a newly formed non-profit group that wants to supply affordable housing for disabled veterans in the San Antonio, TX, area.We are looking for SFH, Dups, Trips, or Quads to rehab and meet ADA standards for hold rentals for the disabled veteran community in SA.If you know of anyone looking to sell a property that might fit our criteria please reach out and give us some support for the disabled veterans community in SA.

Good luck and let us know what you end up doing with it.

Or they can try to find a locksmith (we only have two in this area) and pay $40 - $60 to get in.

Hard money is not cash and should NEVER be written on a contract as cash.

If it does and you can't rent your house traditionally without covering $1,000 a month in costs, and you can't sell because the value isn't there, then you're in a pretty frustrating situation.