If you need more tailored advice or contacts for contractors and lenders, feel free to reach out.Best of luck with your first multifamily investment!

Feel free to PM me.

$450k is pretty cheap for a Cali so maybe it works as rental (don't know the strategy here) but rental cash-flow could take years to equal $225k tax free. 

She is also my neighbor so I have been bringing her organic produce from my vegetable garden (she loves that) and even helped dog sit her dogs for free.

@Ravi KaruturiRavi, a Project with a $10M “all in” cost will typically support a 70%-80% loan to cost (LTC).This means that you can borrow $7M-$8M which means that you will have to invest an equity infusion of $3M-$2M.More fundamentally, if you are asking a question like this, your priorities need adjusting.Raising capital from whomever, and especially from friends and family must come after you have acquired and can demonstrate the skills necessary to build a $10M ground up development.I believe that if you pursue a plan to raise the equity required that you will find it very difficult to secure bank debt without a track record and or the skills noted above.Feel free to reach out to me if you want to talk.

I like this guy and feel he is a great example.  

If you feel that interest rates are likely to drop, property values are not likely to follow suit.

If you are hell bent on owning this condemned property, have her deed you the property and then, since "she wants nothing to do with the property" she can be legally free from any obligations.

Feel free to reach out any time.

Feel free to reach out I´m happy to connect