@Hector Espinosa While cap rates can vary widely from one market/city to another and from one type and class of property to another (and based on the quality of the tenant), I did a quick search on LoopNet for MF properties currently for sale in SD and most "asking prices" suggest cap rates in the 4%-5% range.

The only way to do it is to do the work with the city to make all four units condos and then sell the off separately.

WoodbineWhy It's Hot: This hidden gem is just south of downtown, offering proximity to the city without the high price tag.

It's essential to verify if your property falls within such a mixed-use district.Special Authorizations: In M1-2D districts, residential uses may be permitted by authorization from the City Planning Commission, subject to specific conditions and bulk regulations.

RTR identified a property in Kenmore, an area they said would soon be transformed by the city.

If Borrower wishes to exercise this option to extend, Borrower shall notify Lender of Borrower's intent to extend in writing prior to the Maturity Date.Security for Payment: This note is secured by n deed of trust of even date from Borrower to Doc Prep 911, Trustee, both of which cover the following real property: Lots xxxx, City of xxxx, according to the map or plat recorded in xxxx, Map Records, xxxx, Texas.

Weird that the township would go one way and the city another. township is much larger than the city.

I use: Coaches Companies that hire seasonal workers College Housing website Official Parent Group for Colorado Mesa University Craiglist Zillow Avail - posts to 30 sites for free Apartments Roomies Market place Reddit Tenants incentive "Room for rent" Signs - google Voice to hide my actually phone number Your cities Department of Human Services College bill boards rip off advertising

Some that come to mind but not an exhaustive list in/around the city are Brighton Heights, Bellevue, Avalon, Carnegie, Crafton, Ingram, Beechview, Brookline, Troy Hill, Millvale, Etna, Sharpsburg, West View, Greenfield, Brentwood, Coraopolis, Bridgeville. 

Or basically the inner cities of the rust belt.. just look at anyone of those  there are thousands of vacant homes in each one .. we could start there.. but then again you get reality of who will move there.