As with a most large renovations, there were some unusual challenges.

My rent estimates are very conservative based  on the fact that they're almost no properties similar to my properties for rent currently and the few I compared are way above mineI calculated everything annually.Based on if I buy it for $225,900 (asking price)IncomeAssuming everything goes according to plan:$8,400      rent from mother in law suite $15,600    rent from single family$34,320    net work salary -$480  Vacancy                   $57,840  total incomeOperating Expenses$9,180      Single family mortgage $12,000    Duplex $15,000    Utilities/Repair/Insurence$4,000      Tax for both property         $40,180 total expense Net Operating Income: $17,660Cap Rate:  7%I feel like the way I calculated all this is unusual because I included my work income with total annual income from properties which obviously skews the numbers but in my situation with my goals its acceptable in my eyes.

We were lucky to break to get $275,000, and getting the $275,000 was a function of deploying an unusual marketing strategy for the resale.

It’s unusual for a market to increase in rent during a recession; although it can happens, it’s not the norm. 

Unusual condition compared to most of the houses we have  been looking at, the blinds are real blinds and the doors and windows all work.

Ungrounded (2 prong outlets) would not be unusual in an older home but you should have GFI  in the kitchen and bath and no exposed wiring.

your situation is unusual for most investors. 

They moved in a few days ago.I thought the experience was unusual because it looks like the rents SHOT UP.In fact, I firmly believe that it's true that rents for that particular apt in my buildings are much higher now in the Pandemic.I think this is that case because most of the buildings in NYC happen to be high rise buildings with Elevators.

Examples would be going after deals in higher priced neighborhoods that are in loan default, that are on the MLS for over 180 days that are NOT short sales, deals with code violations, homes with fire damage (most fire departments have records of these), homes that have an unusually lower amount of beds/baths/sq footage for the area leaving room to add on, and the list goes on.

Plum ,  goes with the black shutter, unusual enough without being off putting, dark enough not to pick up a dirty look.