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Updated over 3 years ago,
Difference Rental: Bedroom vs. Unit
Hello BP Community,
I recently moved to Baltimore, MD and my first day I began looking at the property around me. In searching I found a 6 bd 3 ba brick structure that looks abandoned. I am going to send a letter to the owner however I have some questions before I do that.
I know 5+ units is considered commercial
What is considered a unit? Would this purchase make me a commercial real estate investor?
Depending on the replies, I have thoughts of turning it into 3 livable units separated by floor. Would that change anything regarding the purchase of this building?
Unit=own entrance, kitchen, bath; a completely livable area?
Any help would be appreciated