@George Baal I would recommend taking out the HELOC to start but given the high variable interest rate, I would then consolidate that debt into a better financial vehicle.

Insurance is highly specified to the situation, individual, property, etc. 

Cost for real estate here is high, I’m sure there are deals to be found in and around the area.

(After selling a few, I may do another house plan or turn some into rentals)I’m hesitant to build any with materials being so high but I figure if they buy it before it’s built my risk is mitigated.

I am asking because construction cost right now are pretty high.

The potential risk of foundation movement and settling in the neighboring unit is high and they will be looking for compensation for any issues your underpinning job causes.

The other option would be to purchase the property strictly as a rental unit; nowadays, lenders are willing to go with 15% down; no income verification, and perhaps the rate be favorable in the high 7% to low 8% interest rate.

The LF of the Underpinning came out to be about $440 a LF on the low end and $1,690 LF on the high end assuming a 2' undercut. 

I know I will have to go three or so stories high, but how do you decide on the what density to propose to the city?

Jesse is not the “high-pressure” salesperson that many agents are in today’s market.