First-Time House Hacker in OKC – Seeking Advice!

[Trent Loomis]

Howdy all, 

I’m an architect and first-time house hacker looking at a Duplex in Oklahoma City. It has two 2-bed/1-bath units and a detached garage apartment (ADU) that needs to be fully gutted and redone. ADU has potential for two garage spots and a upstairs unit.

Current thoughts would be to live in the ADU and rent out the main two units.

My concerns:

• Structural issues? Listing mentions potential floor structure concerns (100 year old home). 

• High renovation costs. The interiors are outdated, and the ADU isn’t livable yet.

Im a bit concerned as I estimate the Reno to be anywhere from 60-150k (or worse if there are floor problems) as the interiors are hideous.

Appreciate any insights or words of caution on if I'm getting in over my head. 

[Ben Scott]

Is this in northeast OKC? As a first timer, I'd avoid anything built before the 1960s that could have cement sewer lines, knob and tube wiring, etc. Depending on the area, it might not be worth adding the rehab.