Perhaps attempting to lease a unit while remodeling the majority of the building.

I also see that the Convention Center down the street seems to be a building that was remodeled and showing that parts of the neighborhood are improving.

It will require almost the complete remodel of a bathroom and replacement of 1000 sq ft of carpet, on top of the 5-20K to solve the basement leak problem.

@Uuri Koh , funny you just resurrected this back too, because I recently signed a lease (not purchase) for a nicely remodeled 2br apt in Oakland a block from Lk Merritt near Chinatown, like I was looking for - and got a killer deal!

Now if someone remodeled a SF home nearby and offered a $99 move-in special that would be a different story.

You'll may want to consider a property that needs just a little bit of updating (like paint, carpet ,etc) and possibly use a 203K remodel loan which allows you to wrap the repair costs into the loan.

MUST GO ASAP.Date: 2012-10-18, 3:11PMI have a 2bedroom 1bathroom stick built house for sale.The inside needs to be remodeled.

Remodeling Magazine states these facts: An attic bedroom returns 72.5%.

We took a look at properties for sale, as well as listings that were already sold and being remodeled (or were already completed) to get an idea of what's available, average rents and ROIs in the area, and the different neighborhoods.

I can offer 15+ years in residential remodeling and construction.