Purchase price: $300,000 Cash invested: $80,500 Sale price: $445,000 2 story condo features: Brand new flooring, AC, counter tops, new cabinets, beautifulbacksplash, fireplace, newly remodeled kitchen & brand new stainless appliances.

New kitchen, flooring and paint through out and exterior doors along with minor tweaks and adjustments to the whole house.

Currently it's in an open space next to the kitchen.

The only invientory relief I can see happen is from high rise condos in our designated opportunity zones.

Those designations are important because it will determine how the property is appraised (comps vs.

Giving feedback is required though, on user interface, design, functions, etc.

According to the website, "This incentive program offers homeowners optional financing, design, permitting, and construction support to build a new ADU in the City of Los Angeles.

They are going to take the highest offer unless the financed offer has no chance of meeting condition guidelines (FHA loan for a house with no kitchen). 

They would measure floor square footages so I would know kitchen is 150 sq ft, bedrooms are a total of 400 sq ft, etc. 

I purchased a duplex in September and put 25% down but want to do a bit of rehab to the property (new windows, flooring, update some of the kitchen).