Assuming I owned this lot, and planned to build 2-4 small studio/ 1 bed apartments side by side, how much do you think the construction would be?

You fix it up and buy at a low price to get RENT READY not RETAIL SALE.You can beat out many flippers because you need less equity going in and care about the purchase price versus cash flow more.If you do not want to rehab then you might have to venture outside of your preferred area.

I currently work in retail as a manager at a large corporation.

. # of Beds, Sq .

The neighborhood is fairly decent and my estimation on rents if i decide to buy and hold is around 600 - 650 monthly.comps = .25 miles away 3 bed 2 bath sold 3/2014, built 1977, $88,000 -- 1407 sqft2.6 miles away 3 bed 2 bath sold 4/2014 $79K, built 1956 1784 sqft.05 miles away, 3 bed 2 bath sold 4/2014 160K, built 1974, 2208 sqftThe seller is not sure how much they want for the house.

Just a matter of finding a provider with low process and annual fees and I can put this to bed and concentrate on generating some cash to put in it.

Also, a lot of sellers up here want retail for their homes and aren't willing to have their homes downsold too much.

My average 3 bed/1 bath is currently about average for the Davis Sq area as of about 3 years ago when the current tenant moved in.

I have a 90 year old house and am removing a large Murphy bed that is attached to the plaster wall.

But a 3 bed for 10k more.