Here's the details:Purchase Price: $62,000Closing costs: approx $3,000Monthly Rent ($725, unit 3&4 currently rented)Unit 1- 600 (2br) -newer cabinets and carpetUnit 2- 450 (1br) -newer cabinets and carpetUnit 3- 350 (studio)Unit 4- 375 (1br)Monthly Expenses- ($488, not including management or maintenance)Insurance- 83tax-138 water- 47 (total house-city won't provide separate meters) trash-18 gas-50 (owner pays gas for unit 3 and 4, 1 water heater for both units) electricity- unknown sewer-26 unknown (estimate based on local rates - 26)Maintenance ???

The original book is available on amazon, both used and new.It may be that you are already aware of some of the lessons he teaches.

Then there is a separate studio attached to garage out back.

A 2 bedroom single family home in front and legal separate studio apartment over a double garage in the back.

Amazon talked about 30 minute drone delivery to your door steps, not today, but in a few years.

If the zoning permits it, I'm considering converting it to a studio (2 universities nearby and lots of demand for studio living spaces).Has anyone done this before?

A studio without the wall would have a different looser requirements or they may accept it as "part " of another unit.

Already so much good information I don't know where to start : )Just as a side discussion, this property has a studio basement apartment that hasn't been used as such in many years (the owner bought in 1963 and passed away recently).

If I'm correct there is a planned casino and Amazon warehouse in the works in your area.

I made a soft/rough offer and feeling nervous about it and wanted to see if anyone had any insight.It was difficult to pull comps because of the uniqueness of the property but the closest I could find were 3 properties that sold in the last month and were all 6-families that sold for roughly $600k all of which had 3br/3br/2br type setup.The subject property has 5 two bedrooms, 2 studio's and the commercial unit.