The material price is very low since its out of style, but its clean and will last for decades in a bathroom and kitchen.

There are so many different styles and techniques to investing in real estate, and they all work.

Your part of the deal is to manage the rental and ensure your parents maintain their bill free life style.

Construction is reimbursement style, so you will need to have at least 10-15% in reserves set aside to start the project.

I would be interested in reviewing your comps on how you determined your ARV.Closings prior to your purchase (Jan 2022) in the immediate area for similar aged homes/style etc. were12/21/2021 - $355,000 for 1.300 sf– 4 Bed, 3 Bath (Converted Garage Space)11/29/2021 - $310,000 for 1,309 sf – 3 Bed, 2 Bath12/3/2021 - $285,000 for 1,125 sf – 3 Bed, 1 Bath11/10/2021 - $270,000 for 1,125 sf 3 Bed, 1 BathDid you heavily weigh value for the unfinished basement in your ARV?

Your first step should be to talk with the Placer County Environmental Health Dept regarding the availability of a large septic system on your lot.  

During that last quarter, a few partners and myself also picked up a 24 unit townhome style multifamily package down in Manhattan (my 2nd buy and hold investment ever) on the highest rated public golf course in Kansas.

If the SFH sits inside a resort style community, great, you get all the amenities one would expect to see.

Definitely not Park Shore… you can avoid AirBNB style STR’s buy simply buying in any HOA.

No wonder his tenant thinks what he thinks of him.Yeah, yeah, yeah, Budhoo pulled himself up by his own bootstraps, up from poverty, Horatio-Alger style, poor-immigrant-makes-good...I've worked for a lot less than $8/hour in my time.