Thank you for the support @Matthew Allen!

In fact the 92024 zip code boasts of some of the most expensive properties in all of San Diego County.We are installing a 1x1 foot footing with an 18 inch rebar reinforced and concrete cell filled block and mortar stem wall  around the entire perimeter of the footprint in order to support the new interior drywall, exterior Hardy Board Cemetitous siding and a 12/12 pitched metal roof.I'd say that's a pretty safe bet considering we're going to have to spend close to 75k (our cost as contractors) to strip it down to the bones and rebuild it from the mainframe up to and including the roof.

The house needs a little updating, but nothing too crazy, and I have comps that would support a $280k to $285k ARV.The end buyer is NOT going to be an investor, it will most likely be an owner occupant getting a conventional mortgage.

Occasionally tenants will call when they are not getting support from the landlord and they have decided to take matters into their own hands. 

We were asked by several past clients to help provide them with documentation to support their request.Look at the tax assessor's office website.

If I understand your situation right you have the income to support another property but not the cash on hand?

The metal plate would need to be installed with stand off supports so that an air space would be created between the plate and both the flue pipe and the combustible surface.

Many people don't know that in addition to national fair housing law, states and municipalities may have additional protected classes (for example, in Austin TX we have local additions to fair housing that cover sexual orientation, status as a student, and others)There are resources from the national apartment association (and through many state and local associations) specifically geared to educating and supporting independent rental owners (usually regarded as having less than 100 units).  

@Luke, so it seems like you support the idea.

Also outside of some government supported programs (e.g, FHA, VA) most lenders want to see a substantial down payment, which is a huge barrier for people who live paycheck to paycheck.2) There are lots of reasons one might need a place to live immediately (e.g., new job, divorce, starting school).