I told her I'd have to discuss it (I don't really, it's my decision) because that is twice the size we typically allow.

We're serving the buyer, so we want them to have a safe and sound investment.Comp it, look at the cashflow, look at the typical cash on cash return in the market that the property is located in, and beat it.

When I do quiet title actions in California, it's pretty common that there are people or entities that are no longer in existence, so we're not able to serve them with the lawsuit. 

You will gain invaluable knowledge for the time down the road when/if you have scaled up in size and want to turn your portfolio over to a management company on how you want things to be done.

What are the current sold comps in the immediate area for properties that are the same size in square footage? 

Purchase Price: $369,000Rehab costs to date (Cash/0% Credit card): $22,000Additional cosmetic rehabs: $6-8kAs-Is Appraisal: $420,000 (April 2021)Current Rental Income (friend living with me): $800Mortgage: $2000Comps in the area: $490-560K but average sqft price $264 with prop size of 2450 sqft, so could be more.Rentals in the area: $2.5-2.9K a month, not including additional living space.My financing/current capital methods:Personal Income: $129,000 a year.Rental Income from above: $800Student loans: $340 a month.No other debts other than CC payments for rehab and personal debts: $12,000.Savings (does not include investment accounts, 401k or IRA): $12,000Cumulative CC Limits: over $50k.My questions include:What are my best options to get this thing to cash flow while adding as much value as possible for a refinance (pay off CC and have cash for another off market property I have in the wings).

Purchase Price: $369,000Rehab costs to date (Cash/0% Credit card): $22,000Additional cosmetic rehabs: $6-8kAs-Is Appraisal: $420,000 (April 2021)Current Rental Income (friend living with me): $800Mortgage: $2000Comps in the area: $490-560K but average sqft price $264 with prop size of 2450 sqft, so could be more.Rentals in the area: $2.5-2.9K a month, not including additional living space.My financing/current capital methods:Personal Income: $129,000 a year.Rental Income from above: $800Student loans: $340 a month.No other debts other than CC payments for rehab and personal debts: $12,000.Savings (does not include investment accounts, 401k or IRA): $12,000Cumulative CC Limits: over $50k.My questions include:What are my best options to get this thing to cash flow while adding as much value as possible for a refinance (pay off CC and have cash for another off market property I have in the wings).

Let me know if your answer changes based on hot/cold market, amount of room for homeowner to turn their car around (don't have to backup onto street, front yard size, and expected profit (for buffer in case ARV is off).Thanks!

I want to serve notice to one of my units under the grounds of intent to owner occupy, and I want to make sure I am fully complying with AB1482.

Also be conservative on deals this size and use 65% LTV.