Duplex flip...

[Jesse Hyder]

I've never really entertained the idea of flipping before but after joining biggerpockets I've come to imagine all kinds of ideas I'd never have thought about. So thanks BP!

Now on to my idea...

There is a single family home for 130k its a 3/1 it looks great inside and out. The basement is finished already. 1 room and a big bonus room in basement.

But the 'problems' with it are its on a mini triangular 0.06 lot, no yard, no garage, street parking only. No family will buy this place its been on the market for over a year and is surrounded by other duplexes that sell for 220-230k blocks away that I have toured and are nearly identical well if this was converted anyway. O.o Now either I'm missing something here or I'm starting to see things I have not before. I'm guessing the former over the latter. HA!

I understand I'll have to add kitchen, bathroom, split utilities, rezone.

Currently rents for 1k as 3/1 SFH if it was broken up could go for $750 & $600

Am I hallucinating or is this even something to consider doing...