I am doing my first deal that needs substantial renovations. I'm a pretty handy guy but this would be outside of my realm, but my experience helps me understand how much this type of improvement should cost.Improvemen...

Quote from @Chris Hertig: We recently purchased a multi-family property and have someone living illegally in an uninhabitable, detached garage. 

I know conventional lending could become an issue depending on the condition of the property.

@Keith Mintz Will you be running the house or leasing to a company that does sober living.

My wife and I have 22 residential assisted living homes in Colorado and three commercial senior living communities in Colorado and Arizona. 

BF it, live in it, then leave it!

The goal is to move into another property by spring 2025 to do another live in flip and keep this property for a few years at least.What made you interested in investing in this type of deal?

We found an opportunity to purchase a huge SFR with two kitchens located next to a commercial zone which was previously used as a sober living facility.

If you live in CA, and your LLC is in OR, you still need to register it in CA and pay the 800 dollar per year LLC tax.

Most everyone mentioned the weather and appreciation due to the weather making it so desirable to live there.