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.

So- in a highly desirable area, in order to get 10% over market averages, we would need to have high end finishes too, which in some cases can be $20-50K in improvements in order to gross another $2400 or so per year.

Before you know it you are making high interest loans on a property that’s over levered.

3) Highly likely the applicants won't be living there.

I started investing in 2021 but I had to start in the Inland Empire where prices were not too high but I could work with the properties I found.

This could help you confirm who you are communicating with and can get you direct answers to your questions about the property.Facebook ads are cost effective but lead quality, in my experience, has been very poor.