Very humble, hardworking, blue-collar family and they happen to grow up in a part of California that is highly desirable now.

I’ve seen high-highs and low-lows.

I found a partner with a high income/net worth that didn't have the time to do management or find deals.

I have worked with Darlene off and on for 20 years, so she has seen the highs and lows.

I am estimating a build cost of around $200k - $250k on the high end due to the savings we will be getting from my FIL and our labor.

Hunter,Property prices are pretty high but there are plenty of deals to be found.

Personally I can’t believe she found you a “high end” property that would let you sublease.

Your risk profile on this would be super high with no upside.

Banks and CU have something called "High Cost" rules which means a mortgage under $75K generally is not large enough to include or finance their hard costs plus fee's.Some DSCR lenders offer a $75K minimum after down payment but rates are usually above 9.75% even with good credit and carry a 2-3 year prepayment penalty. 

My credit score is good high side.