I didn't start until 44 and I started extremely slowly and cautiously.

Most everyone there is extremely helpful and its good to be around other like minded investors.

That would satisfy your mortgage guy, unfortunately the type of owner who would let their property get so run down is the same type of owner who you probably wouldn't want in charge of a roof repair. 

I do have a investor friend who drove to Mexico for some dental work which I thought was the craziest thing you could do. ( little legal recourse I imagine) But he was satisfied. 

That is why when I find someone to invest with I put a lot of trust into that relationship because I satisfied myself they are worthy, have checked them out and had all my boxes checked. 

Properties are getting extremely expensive on the Peninsula so people have to migrate south or east.

An egress window must satisfy four International Residential Code (IRC) criteria:• Minimum width of opening: 20 in.• Minimum height of opening: 24 in.• Minimum net clear opening: 5.7 sq. ft. (5.0 sq. ft. for ground floor).• Maximum sill height above floor: 44 inThe physically smallest windows (w/r to rough opening) you can use would be either a casement window (with egress hardware) or a tilt-n-turn style window (common in Europe).  

This is a judicial foreclosure to satisfy a first priority lien.  

These programs work extremely well at their original intended purpose, but start to fail when political considerations come into play.  

My guess is the developer owners have expertise, are satisfied with the current situation and are not motivated, if they were it would be for sale.