The only way it can work is if you can get a short sale or if you can find a buyer who will take the property subject to the existing loan. 

Anyay,  I'm looking to invest in the Imperial Country area, as an alternative to the over-saturated local L.A market .

Glad you have the insurance matters figured out though.Looking ahead, I would say that there is inherently so much more risk involved when you build rather than buy existing assets. 

Does that number even exist?

This is the best time for newer investors to hit the pause button and focus on their existing portfolio before trying to scale a building with only a few bricks to build it.

I was just made aware that Philadelphia L&I has given an update on a new extended shut down date of Friday March 27 at 5pm for construction work.It appears that "routine maintenance and repair of existing buildings is exempted from the order and may continue."

If there is an existing title problem, buying title insurance after closing isn’t the solution ... that loss would be excluded from coverage.

There urine is horrible and saturates subflooring where you will need special remediation if it’s bad.  

Don't get too hung up on wanting to purchase a multi-family property in the area, as others have already stated that the inventory is low, but existent.

I would assume conservatively that the summer is going to be very slow or non-existent for you.