There are many unique lots in Alameda and you can find some awesome gems here. 

Be aware that turning a basement into a bedroom can have it's unique set of issues....a) are you going to have to install a sewage ejector to move the poop uphill?

Let's connect so I can better understand your unique situation and advise you from there.

something to fall back on in those unique situations where you can easily say the wrong thing and be a friend vs. a landlord.

Let's connect so I can better understand your unique situation.

The home has a pool, a lake view, and my plan would be to renovate it entirely, giving it a unique look (bohemian decor, hammock in the backyard, fruit trees, gravel path leading to a fire pit, etc).Anyone having been to that neighborhood would agree that it is far from upscale (in fact, some houses are pretty run down), but I do see quite a few Airbnbs there, and the community is very close to the theme parks. 

Purchase price: $1,100,000 Cash invested: $450,000 Unique River Front and Mountain view 72 acre land Priced at 1.2 M and purchased at 1.1 M.

I guess it is something that is unique to everyone and I do not have anything specific in mind. 

Hello @Luke Ache FHA, Home Ready, Home Possible do allow LTV to go above 100%, there programs allow we call it "secondary financing", which simply means you are allowed to use down payment assistance programs for down payment and/or closings costs (DPA); Each DPA is very unique.

This must be some type of unique financing since it sounds like your CLTV is 95%.