I know some properties and I'm not talking about the code box's need some type of other device to access the home.

; check for excessive ice buildup in freezer or mold on refer gasket (if you provide); check for electrical hazards- extension cords under rugs, broken outlets, too many devices per circuit.Check for other hazards as well- loose stairs or railings, fire hazards like curtains next to the stove, or stacks and stacks of paper goods; cracked, broken, or missing window panes; uneven floor surfaces; look for signs of termites, rats, roaches, or unauthorized pets.

Just because there are three units there doesn't mean that it is legal.We currently manage a 2 unit that has an extra house on the property that we let the tenants use for storage as the property is only zoned for sfr/duplex.

My areas of interest are: Multi-family, small scale retail and storage facilities.

such as storage facility etc?

Add additional income sources: If you have some vacant land, consider adding some mini storage units, or fence it off and offer storage for RV's, Boats, and extra automobiles.

For example Rehabbing, trailor parks, mini storage, creative finance using notes, asset protection etc etc.

A mini-storage in this case.

Now, I guess that really could happen, and mini storage would be converted to "apartments".

I have never taken out a loan for a vacation (no credit cards for that matter either......credit is a horrible device and a crutch of the impatient).