We took an old run down house in one of the best neighborhoods and added 1200 sf to it and completely redid the layout to make it amazing!

Every Monday I will be highlighting a deal I was apart of either as an investor or agent highlighting a different investment strategy and how it was executed in the local market.This past spring I was a buyer agent on a 2-family house hack deal in Southington, Connecticut.Property details:- 2- family side-by-side duplex- Each unit identical 2-bed/1-bath layouts- Natural gas heat- Each unit has own driveway- Solid B+ neighborhood- Very desirable area to rent and own What made you interested in investing in this type of deal?

I know a home owner who was asked to send pictures; they sent awesome pictures, sketched a layout of the property with dimensions to help the appraiser understand the layout and even sent some comps.

Thank you Hi Andrew,Something like this where you utilize contractors to do the work might be close to a decent overview, sans info about running it as a business.https://www.amazon.com/Complete-Guide-Contracting-Step-Step/dp/1440346011Business Decision:Parcel A can hold 157 SFH's max with proper road layout and city approvals of that amount for water, sewer and electric.Buyers clamoring for lower density at a better builder profit than higher density, so 100 sfh makes more money on Parcel A this year.Builder believes sustainable will bring higher profit on Parcel A than lower density (typical for the area) SFH's at that price point. 

If the location, condition, layout are right, you should be able to rent it out pretty quick.

The size, layout, interior, make it smart, and other features will be according to what you are the buyer desire.When it comes to renovating a property then you are somewhat limited to the fineness of the structure that already exist.

It adds about a day or two, since I can create my own floor plans, to measure and layout plan, and then a half day in office to get the permit.  

Generally comps are not exact as this is single family homes so condition or layout or something is different and AC is just one of those differences. 

But back to original comment, if things are moving forward, I would lay out that you would love to stay involved in the deal with an ownership stake for uncovering the deal, and then let the conversation take it from there.

If every unit is the exact same size and layout my original assumption is that each unit should be rented out relatively the same.