Home has natural gas, walkout basement and about 75 feet of frontage.

While people may not need to be located here for week, people still want to live in the Bay Area for the schools, nature, weather etc. 

I would make sure there is adequate protection in the contract to allow you to back out.

There has to be adequate fencing that is more for protecting the dogs than the intruders.

Is that the general nature of doing BRRRR deals?

Such plans are custom in nature, and often comprise more of a legal and advisory service than an investment processing service.We provide such custom plans, as do several other specialty firms you will find here supporting the BiggerPockets community.

I never recommend "Bringing one to it's former glory, with the crown molding and the stain glass, preserving the natural.... blah.)

@Shiloh Lundahl as long as you have adequate reserves and are conservative in your initial analysis then I say go for it!

It was already getting hot over here before COVID and now everyone likes amenities like quaint small towns, big back yards, and lots of nature close by. :-) For 2/3 the price of what you get in Seattle.

My market is also inflated prices currently, so it might be a year until I find a good deal and have adequate savings for purchase & rehab.