HOWEVER, there are two completely separate apartment buildings on the lot. 

Build an ADU.

If there are certain areas that you're looking where there aren't any four Plexes, consider building one.

Being a part of the featured agent program has helped generate leads and build relationships from those leads. 

New builds-broke even in the '08 market on two spec homes, built my own home from the ground up twelve years ago(400k in equity). 

Are you having luck doing new-build single-family infill projects? 

Quote from @Kyle Hess: I'm building a list of tools you could have handy while touring a potential fix-and-flip. 

If this is your first property, you could consider starting with a smaller apartment building and going after the opportunity first, and the property as a secondary consideration.

My husband and I own a rental unit in a condo building in Jacksonville, FL.

This, in turn, allows for higher rental rates or quicker sales, directly impacting the ROI.I could remember when an investor purchased an old, three-story commercial building at  a bustling downtown area.