4 Unit to 6 unit regulations?! HELP

[James Baker]

I’ve recently been look at a property right down the street from me.

This property is a 6 unit building, with 4 units currently rented and 2 units that’s currently need rehabbed.

The building is a fantastic deal. 6 units for $125k, each one rents for about $600-$700 a month.

Is this deal so good, because in order to rehab the last 2 units I would need to install fire escapes and sprinkler systems?

What’s are the rules and regulations from converting a 4 unit into a 6.

What would you do?

Thanks for the help!