Checkmate? No parking on 3 unit property.

[Brian Watkins]

Am I in checkmate?

I found a property in Providence, RI I want for myself as a cash flowing property. It's a 3 unit property. Perfect for college student rentals. Easily $600 per room. 8 rooms total. Good math. I'm in position to short sale the property and scoop it up for $90,000. Needs about $70K to rehab. ARV $255K. Nah this is not a sales pitch. I need a strategy from someone with experience please. No shade.

There is NO parking. Street permits aren’t available in the area and even if they were parking bans throughout the winter for plows would hinder anyone parking on the street.

There is a 3400 sq.ft lot behind the property. The owner of the subject property use to own the lot but lost it about 2 years ago to tax foreclosure without her knowledge. A politician purchased the lot and hung up on my Realtor when he called about purchasing the lot. The house will be going to foreclosure soon hence my dilemma.

Anyone have a strategy to make this work? Or is this a checkmate by the politician who won’t take any calls? Seems like he is waiting for the property to go into foreclosure and scoop it up for cheap. Any suggestions?