Here’s a step-by-step guide to help you through it:**Understand Local Regulations:**First, you need to check with your local city or county to see if the zoning laws allow for this conversion.

We did run into some interesting quirks with the city's zoning laws, but nothing a bit of patience couldn't solve.

Consulting a real estate attorney can help you navigate zoning laws, property taxes, and other legalities that may affect your investment.7.

If they have a thermostat in their unit, that means they are a separate zone on the gas heat.

Hey @Peter Faulkner, that definitely is alot of red flags.

Also zoning, exit strategies, and market value rentals are helpful in knowing since a major part of making sense of the numbers is bringing all the units up to market value rental income.

Purchase price: $1,435,000 Cash invested: $3,010,600 Sale price: $8,400,000 We identified multiple lots around the light rail system in WA, where we felt that properties are going toincrease in value significantly, these lots were re-zoned from SFH to multi-family (MUR35mostly), we have developed, permitted and starting to build: 8849 Midvale Ave N, Seattle – Two combined lots, zoned for multifamily where we built 12 townhomes

Ensure the property is properly zoned for your business, and consider leasing the other suites to offset costs.

Purchase price: $1,435,000 Cash invested: $3,010,600 Sale price: $8,400,000 We identified multiple lots around the light rail system in WA, where we felt that properties are going toincrease in value significantly, these lots were re-zoned from SFH to multi-family (MUR35mostly), we have developed, permitted and starting to build: 8849 Midvale Ave N, Seattle – Two combined lots, zoned for multifamily where we built 12 townhomes 23007 55th Ave W, Mountlake Terrace – 7 townhouses in a walking distance from thelight rail station, in planning stages with the city of Mountlake Terrace, WA

The developers are more focused on the middle-zone, high-density, work that opened up with the new zoning.