Had gone under contract a time or two...I think most people just weren't equipped to finish a property like this.

I am a GC who just finished "flipping" the house that my family is moving into. 

The board just finished the investigation, who want to join a lawsuit against onerent?

This is a high cost of living area, and in the neighborhood right now, I see a 3 BR of worse finish quality listed for $3k and a 4 BR that's about equal for $3900, both unfurnished with long term leases.

The costs ROUGHLY range from $105-$120/ft for new construction single family on the low end (if you're careful on costs/finishes, otherwise you can easily run way over that with more expensive flooring, appliances, etc.) and multis can run $120/ft and go way, way up from there. 

Hi Xiang - Having a reliable lender by your side from start to finish is essential for a smooth process, minimizing surprises—whether it’s ARV or something else down the road.

One great example is framing crew comes in....frames up the house, plumbing and electrical crew comes in and does their thing....leaves all their 1/2 finished cokes, Gatorade and beer cans and 1/2 eaten lunches sitting on the framing.   

Sometimes, the unsophisticated purchasers have to be taken by the hand by the listing agent and sometimes dragged across the finish line with a lot of services involved and typically a lower commission than a multifamily investment.

You didn't specifically mention this but I just finished Start with Strategy by Dave Meyer a couple weeks ago and while it's a great book for anyone at any point in their investing journey, I WISH I had read that earlier because it's so helpful.

I have hired a GC in the past and that particular GC took a very long time to finish the project.