Help Converting Properties

[Jason Hill]

So this week I came across a church in the middle of a pretty nice neighborhood that was for sale. I was excited to see this so I did some Research Called the city to see what it was zoned as it's zoned as r4 single family dwelling. So I was like that would be a pretty cool house tall ceilings nice hard floors and its a good size about 1800 sqft upstairs and down stairs. Then I thought could I some how make it into a duplex? I doubt that the city would let that fly. Then a friend of mine said maybe it could be converted to suites that you could rent out. My question is let's say I just make it a single family home how do you get comps on something like that? Any advice would be great. My ultimate goal is to start converting warehouses to apartments but I feel this could be a good start. Seeing how they want 145k for the place but I'm sure I can get them down it's been listed for a very long time or maybe I can get seller financing.