I was renting this home then approached the owner and asked if they'd be interested in selling.

According to the UDO, we should be able to fit 10 houses on the property, and they could each sell for $1.1 million.

I mentioned finding sellers who are not indifferent to selling, and therefore are motivated to sell.

Nothing like being able to sell the dream of dinner and a movie to your potential tenants, to help them see the need.

You can have options to stay, sell, or continue as a rental. 

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

You are a brave soul.I would (I did) sell and run....

I tend to avoid looking at them unless a builder is giving a super big rate buy down AND it's not stock.You need to network to find really quality contractors, and then identify a property and buy it slightly beat up & add to it.

Milwaukee has been very competitive, anything decent sells with multiple offers, the houses are old and OOS investors often don't understand how delapitated the place is they just bought.

You first want to identify what kept you on the sidelines and what makes you ready now.