Duplex with an additional apartment.

[Will LHeureux]

I have opportunity to buy Duplex that also has small one bedroom apartment. Basically 3 units. Current price is $195,000 but to get space Upgraded I wound estimate $20-$25K.

Both units are already rented so trying to figure out best options.

I was thinking buying and fixing up but allowing current renters to stay at current price for one year and then be able to increase rent. The apartment I was thinking to make Airbnb and have 3 sources of income and be able to use apartment anytime we need.

What would be a good offer?