I think the market has to really shift, where people just don't want to take on rehabs for there to be equity built into the deal. 

That will allow you into the market and set you up with a good team, built into the property management.  

@Gil Levy I recently completed rezoning a project from I-1 (Light Industrial) to C-1 (Community Business District) in Sylvan Hills and built 3 story Triplex.

Unless you live in area that has many ADUs already built that have been sold with the home or as individual parcels.

It seems like that size purchase wouldn't make it worth so would love to hear more on that.I did a 1031 exchange here in Chicago, where we built a ground up single family, but then exchanged into a 19 unit building.

The foundation was noted as good, and the foundation in the basement doesn't show any obvious signs of problems that you might typically see with foundation problems. 

So I obtained the original survey of the home when it was built and at different points when it was sold (I was fortunate in that family had owned it before me and I was able to do the research to get to all of those surveys). 

When you refinance, you’re essentially borrowing against the value you've built up in the property, rather than realizing any taxable income.

Purchase price: $186,000 Cash invested: $46,500 Home was built in 2018 as a long term Section 8 rental unit.

I have an opportunity to buy a property in tennessee that has 25 self storage units AND allows for 25 more to be built.