Any input—whether you’ve done a similar project in the Bay Area or elsewhere—would be hugely appreciated.

There is as we know HUGE money in training and thats what I have seen from Lee Arnold over the years..

What I mean is there was an initial surge in the late 2024 and early 2025 in multiple states and now builders are having to have "Fire Sales" meaning they are offing homes at huge discounts.When a builder sells or "Offloads" their last few home in a final phase or last few build it "immediately Drops" the value of all of the homes sold prior to those homes.

Focus on one sub-market — 1 hour from Boston covers a huge area.

@Lateefah Mathews  there is already a huge living room , This area i want to convert is extra space

The fact is our lending is asset based, be it to W2 borrower with $200K salary and 10% DTI ratio, or someone with 660 FICO, overextended with huge liabilities and 30+ properties in portfolio.

The surrounding townships are the easiest to manage, but cash flow can be tougher due to taxes & insurance (Jackson, Plain, Tuscarawas, Perry, Canton Twp…), all have hugely better schools, higher rents, no real interference from the trustees, much higher property values and, of course, higher taxes.  

Agreed, huge variances is PM’s.

If through some weird fluke teh 2 year difference is a huge number you could do a 1031 for just that increased amount, but I doubt that’s the case unless this is at least a $2-3M  property. 

Love that you’re jumping into real estate early, that’s a huge advantage!