FHA does not work in San Diego market on triplex and quad due to sustainability requirements.Late last year a new OO loan product was released that allows 95% LTV on up to 4 units without the sustainability requirement. 

Also who would screw with someone whose last name is Fang?

You'd have to run the numbers, but generally adding a 2nd story doesn't produce the kind of rent needed to justify construction cost + loss of income for the 12 months when its shut down.

Embrace the wins, learn from the losses.

Lowered to $1.05M toward last fall, and still nothing.

The last two story ADU garage conversion cost about $2,500  for a 1,000 sf project.  

And how are you feeling overall the city is doing over the last week

Of course I will hire a property manager Cleveland, Ohio is a great market to focus on for cash flow and specific pockets have gone up 2x and upwards of 4x in the last 5-10 years even!

@Brandon StilesYou seem to have it down...But to your last para.. 

@Chris Seveney What kind of "fund" are you referring to in your last sentence?