City can only pass regulations that apply to all, and they write them for the lowest common denominator which as I am intimately familiar in this subject trust me it was pretty darn low. 

I am going to need financing to pay down the remainder of the owner finance and fund construction, around a total of $800k combined.

But it requires some renovation and i am looking for funds because he cannot finance renovation cost.

Hey Sherish, inventory is low in West Sacramento, and their schools are really good compared to other parts of Sacramento.

I’ve pondered buying a cheaper 100k rental cash to essentially fund a personal home mortgage if I could find one.

If having accessible funds is a priority, a high-yield savings account might be more suitable or S&P 500 investing. 

If you have decent terms on the land with low property taxes, add some insurance and you should still be able to cash flow easily.

Prices are high which makes it a tough market to enter but if you have the funding and find a solid deal, I don’t see why you’d pass it up! 

This was a lot that was under contract for a purchase price of $500 and all in closing costs, hoa dues, back taxes, affidavit of heirship fees, was about ~$7300 to close and I used my business credit to purchase.Reason I purchased it was because all other "buyers" wanted to purchase at a super low price point where I wouldn't make any money.

The interest on the remaining $30,000 would be assessed as the borrower uses holdback funds from the rehab budget.