I'm actually going to dive into the process myself tomorrow.

Plus, at that amount, its going to be tough to find a lender (assuming the 'as is' isn't too much more). 

The initial open house produced one applicant that chose a different unit during our screening process.  

Dang that is tough - what are you doing these days to mitigate risk?

As I navigate through this decision-making process, a question has surfaced: Is my perception correct in thinking that California leans more towards appreciation-heavy investments rather than prioritizing cash flow?

Create new LLCs for joint ventures using the same process.

There are workarounds for this, but options are somewhat limited.Budget overagesTime – this can be a lengthy process fraught with delays from zoning to construction to crew delays.Changing market conditions.

Now let's say you think you have a deal but don't know how to value it or what to offer, bring that to me I will help you negotiate the right price so we can make sure the dispo process is smooth.Knowledge is not free, I have been through many many many different situations in the real estate transaction world.

Now let's say you think you have a deal but don't know how to value it or what to offer, bring that to me I will help you negotiate the right price so we can make sure the dispo process is smooth.Knowledge is not free, I have been through many many many different situations in the real estate transaction world.

You are building a business and you can bring in some SERIOUS revenue but in the eyes of your conventional lender and banker, you will still have a tough time purchasing assets based on income based on leases and contracts.