I've made small cosmetic repairs and have made it comfortable for me and my family but there is some deferred maintenance and cosmetic things that I'd like to update before I'd want to sell. 

I was at a seminar and the word was that "emotional support" animals is a made up term.

Currently doing the rehab piece and getting an experienced NACA contractor has made all the difference.

But ultimately we got it sold and made a solid profit for the work completed.

He said it was the best move he made as he walked away with a big check from the appreciation from the house his son lived in for free. 

Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000 Lot 2: $307,000 Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value- $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation- $2,538 - Real Estate Transfer Taxes- $1,500 - Settlement Costs Paid at Closing______________________________________________ $234,212- $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcROI: 45.3%RoR: 68.9% PM: 30.07% Acquisition/Exit: 8 MonthsI've spoken to a few HM Lenders and ran rough numbers by them.

@Adrian Thomas- regarding the co signed loan...if your relative has  made  the past  12 months  of payments on this loan and you can  furnush  proof of this - many lenders  will allow you to  remove this  debt from  qualifying ratios 

If you are currently priced out of the Bay, @Nick Maugeri has made some very good suggestions on places to look.Good luck,Arlen 

Minimal updates were made to the house before we bought it and we really wanted to invest in it so our family could use it through the years as a ski house which is why we justified the ~$300,000 in updates.

What made you interested in investing in this type of deal?