The perfect house BUT.....

[Daniel Adams]

Looking for some quick advice.

I have found a property that is a triplex. This property is priced well and with a large rehab budget would create an income stream of nearly $550 a month on the conservative side.

BUT, there is a few issues.

-The property has only 1 zoning permit. I would need 3 to rent out all of the units to separate tenants.

-The additions put on the property (in-law suite and garage apartment) were not permitted or inspected. My contractor is extremely nervous that this may cause a ton of hidden cost. He worked with a property were they made them remove the structure and start over with the addition. Not something I want to do or can afford. 

Has anyone been in this situation before? I am working with the local zoning and permitting committee first to see if I can gain another permit.