How much will it cost to renovate?

It costs so much to sell a property and buy another one, and is such a hassle, that if I were in this situation I'd strongly consider just paying the special assessment and keeping a property that's otherwise great.

There is also room to add on and make it a triplex, I need to get quotes for the cost. 

But she will not respond to these very reasonable requests.

These costs +/- are $2,000 per year total.

Your gain / income on the sale would beSales price less cost to purchase the lane, less the cost to build the property, less improvements less costs to sell plus the depreciation taken on the property.Whether the gain is ordinary or capital will depend on whether you are classified as a dealer.

Specifically, I am looking to track the projected rehab cost of each unit, cash flow from rented units, first lien costs, general partners and limited partner returns.

If you skip using a new loan, you avoid the costs of origination and high interest rates, It works well for our clients in Phoenix and in CA. 

Also a seller concession is a good tool to reduce closing costs and carrying more than necessary on the primary. 

Keep in mind, taxes and insurance costs in California are higher than a lot of areas.