Cost plus method is dangerous to your end when spending 1M.

Your $350k line of credit sounds like it could be in that questionable territory.

But if it was an earthquake, then there could be dangers underground unseen.Finally, what is the prospect to give confidence to buyers that their investment will be safe going forward. 

It's dangerous and wire is expensive.

===So many fixers, so much space for strip malls, if this were Austin, these places would sell for a Mint of money.So many duplexes, all brick....So many apartment buildings--all brick...Too bad it's so Dangerous there.

Nothing else under $251k but undevelopable land.TIC, for those unaware, is Tennancy In Common, which is more or less a dangerous way to put multiple unrelated parties on one mortgage.

that sounds dangerous..it's good that they pay the landlord for their portion, but you basicaly divide it by 4 tenants correct?

Yes, it seems to me the most important thing is cash flow, and not buying at or near the top, which I'm pretty sure is no longer a danger at this point.

This is a easy decision, pass.Several scenarios possible that makes this a easy decision to pass..... mother dies or husband leaves.You should also raise your minimum credit score. 600 is way too low placing you only one point above financially irresponsible territory.

I don't think its home run territory, but after seeing many properties over the past 4 months this seems like the best I can come up with.