You buy RE for the sake of building wealth.

According to the Planning Board, the intent of the RM-2 Zone is to create, maintain, and enhance residential areas characterized by a mix of single family homes, duplexes, townhouses, small multi-unit buildings, and neighborhood businesses where appropriate.I'm assuming by definition I am zoned to convert to a triplex?

Painting was going to be about 8k, and the building still would've looked like junk afterwards because aluminum siding dents so easily. 

@Josh Feit Sounds like this is a Class C building in a Class C area.So, how is your advertising geared towards attracting Class C tenants?

The builders that were building rentals are most assuredly going to switch over to rebuilding the higher profit multi-million dollar homes.

Fix-and-flips and new builds are always exciting!

A few years ago, I hired Dalinghaus Construction to lift the foundation on a two story building that was built in 1925. 

Build on both?

The way I finally found success was through repetition and then building systems as you repeat to help you scale...

The #1 determinant is the Tenant Pool.If you don't believe us, try putting several Class D tenants in Class A apartment buildings and watch what happens.