I have also found similar situations when speaking to sellers in the SJ area. 

I'm currently waiting on a wastewater engineer to evaluate our situation and give me some feedback. 

Advantage and disadvantages of this approach from the BP community will help me clear myself out on the entire situation and help me realize my goals with my bud when we look at the long term vision.

I’m interested in understanding how to profit from a situation like this. 

Even if Uncle Ricky offers more money, the seller is still in your corner because you truly were there to help them and were professional and respectful of their situation" I just thought that right there is gold, and is exactly how it needs to be done.12.

Hey BP, I'm writing because I would really appreciate some advise on a particular situation I currently find myself in.  

Most new homes have 200-amp service, therefore you would probably want to upgrade that depending on your situation.

I ran into this situation once also. turned out the house I was trying to find was built on the same lot as another house. the owner owned a large lot and built a second house on it and somehow the county wasnt tracking the second home!

Pros: -Most major cap ex fixes are covered-A lot less to rehab if bad tenants- great HOA can fend off bad neighborsNegatives:-If problem happens between units can be a headache-tenants tend to not stay as long-bad hoa can cause some issues There is many factors for you to determine- each situation is different

I have $200,000 and I want to turn it into a passive income.Since it's my first time in the real estate world, what would you recommend to be the best way to start and the best thing to do in my situation?