Most likely in an expensive area like California your cost per square foot will really make this conversion worthwhile.Lastly, if you are going to take the gamble, make sure that in worst case scenario that you will at least recoup at least the same amount of money you put in, and that the house will sell faster. 

This "Buy High, Sell Higher" philosophy is risky in my opinion, but when inventory is low and capital plentiful, there are people out there ready to take the gamble. 

Much like what was mentioned above, it really depends on the property type/characteristics as well as whom you'll be seeking to attract.

If you are unable to do your own title work, you are gambling that there is nothing wrong.

Certain parts of Humboldt Park have similar characteristics.

Because an appreciation play is akin to gambling.

I know appreciation can be a gamble, as compared to cash flow. 

I know appreciation can be a gamble, as compared to cash flow.

From an equity build approach, seems taking on the 18 by itself is almost more of a gamble, no?

So, before we go into some of the other characteristics of this property, I’ll start making my point that I’ll harp on throughout this review: Normal is good!