Then, if our daughter didn't get into a good school in 5 years, we could move to a better school district and hopefully not lose much if any on the sale of the building....or simply keep in and continue renting.So to keep this long post from getting too long, for those of you familiar w/ this type of property in KC, is that realistic?

In most zoning districts you can only have 1 Principal Building per lot.

I just closed last month on a property in Oakland (lower dimond district area), currently doing rehab and excited to have the project completed.

Oh, and there are more homeless people on the street than ever before, to the point that all 15 districts of Los Angeles have agreed to take their fair share of homeless and house them on public lands.

I’m looking for a reliable contractor in the Detroit metro area to rehab a home in a historical district. 

I need advice on acquisition of the physical building, funding for converting the faculty to storage, and the legalities.

Purchase price : $80KMajor Rehab: $ 40k - $50 k (depending exit strategy)ARV: 170K-175KRent : $1600/month Neighborhood: ZIP 77062Median rent: $1800great school district ( 7/10),median home value $175k , average home value $219k. owner occupied 69% renter occupied 27%. median income $ 88k, average $ 117k. population growth 0.9%/YR crime: safer neighborhood (per trulia)Exit strategy: BRRR strategy: potentially 5k-7k profit after refinance, cash flow $100/month (including PITI, capex, maintenance budget and property management).

Little ones to be concerned for the school district? 

In Cincy the system is convoluted as it is in many districts: The county deems a market value, and then takes 35 percent to mark the assessed value.

The live in flip house is in a slightly less desirable area, but barely anymore as they are in the same school district of Etiwanda which is very good.