@Eric McginnAccording to my Fire Marshall, and this may differ depending on your state and municipality, if the building is three stories or less you only need one fire rated means of egress.

After hearing what my relative did, there's another chapter to the story, trading cash flow for appreciation, acquire more properties, due to limitations of the recent tax laws.

Long story short, looking at a Fourplex that would provide around a 5% COC return in my area given my financials/situation (Gallatin County).

Also @Tim Phillips something to be aware of in FL, all condos older than 30 years and taller than 3 stories are required to have a "Structural Integrity Reserve Study" performed before the end of this year.

I'd imagine if it is a 2 story home with a bathroom only on one floor, that adding a half bath to the other floor may be a good idea. 

Also to @John Steffen's comments about stories.

It was like surfing a wave of opportunity right to the shores of prosperity.Here's one method that's helped me achieve success: I flaunt my wins, transactions, and triumphant stories on social media.

Especially if you have documents to prove your story.3.

I'm comfortable with putting together estimates for the rehab, at least for the up-front financial analysis prior to getting real bids from contractors.What I'm less equipped to do is project the lease up story based on supply, demand, and other factors relevant to the area.

Be sure to search the forums for more depth.Long story short, I got started in arbitrage in 2016 before it was even referred to as that.