And it has given me a lot to think about. 

That could add a lot to the price, if you have to do that.If it is not replaced before closing, how will you have insurance to satisfy the lender; what are your plans on that?

Lastly, if you focus on low income--  I think you should be more understanding and cognizant that $20 is a lot to that sector.   

There's a lot to be said for learning by doing, not to mention the increase of your net worth in buying the property.

I honestly wouldn't know, but your 1.5 million can net you more leverage in other areas of California, or the US, if you are willing to put your money there.I am not a PRO at all, so take what I say with a grain of salt, but I'd rather take proceeds from those sales, take it to a good neighborhood, good schools, good tenant, and good cash flow area, and start building my RE holdings there.There's a lot to be said for those stable areas -- you won't see Bay Area appreciation but unless you were an investor 15 years ago in the Bay Area, I would imagine cash flow deals are impossible to find, even per your note "The property prices are very high and there will be barely any returns after expenses."

Hey everyone, I am new to the real estate investing world . I am looking into Buying an empty in Riverside Ca. Would like to build 4-6 unit apartment complex. Looking for good local builders to get estimates . I would...

There is a lot to learn about neighborhoods due to the extreme transition we've seen in the last 2-years.

You have hit the JACKPOT of resources for real estate investors.

I have a lot to learn!

@Alaska WagonerThere's a lot to unpack, and before I dumped it, I wanted to see if there was any interest or any similar stories.