Might be a good appreciation play, but the rent from the 2nd unit won't even cover your mortgage payment, much less the rest of the expenses.

Hopefully you can share some of your experience in all the different areas you mentioned, with the rest of us!

All the rest of the stuff doesn't matter since this would a commercial deal you wouldn't be able to buy with conventional financing.

Flip in 60-90 days, be sure the numbers work and this is realistic, the level of rehab will determine this.If your answers are yes, then sure it could work, just be sure to have your business processes lined up and the rest of the "small things" worked out.

My experience is that about 60% of the time they have not idea where they got the idea and about half of the rest heard it from someone else.

@Jay Hinrichs - You hit the nail right on the head, in the end we did exactly just that and brought someone on board who helped us bring in the rest of the money we needed in exchange to a share of being a General Partner.

It is CA specific, but should come fairly close to how it works in rest of the states On a side note, would like to bounce ideas with anyone that is just about getting started with tax lien/deed investing

Jon gave you the best answer the rest of them are telling the truth but they do not have to be like that. 

Then rent the rest of the office space.

Good job and continued success to all the doers out there and to the rest what are you waiting on or better yet what is holding you back.