Purchase price: $125,000 Cash invested: $120,000 First try at turning a single family home into a duplex while going through the permit process for the first time.

I have a sibling who is looking to sell two single-family rental properties but is concerned about the tax implications.

Did anyone in one of the accounts die?

Targeting single family/duplex/triplex/quadplex with 3 beds and 2 baths per unit, and $300K or less.

I'd be looking at multiple structures. we try to build below the average new build cost in our market in Columbus Ohio which is 515,000 last year and we target land 40-50k and urban core adjacent where we get higher price per square foot. we build for clients with margin around $190 a sq ft depending on multi or single. we can get that down in our triplex it's a little higher on our single family homes because of garages and limited economies of scale. hope that helps. idk Philly but if you show me the area and styles of homes I can give you some more insights. 

The ADU is a good idea for property maximization, but unless it has a separate driveway, it will push your rent in the main house down some because then you aren't renting a single-family house on a lot by itself.

Imagine if you had one single-family home.

Fifteen percent IRR is possible, and single digit cash on cash is achievable. 

The previous owners turned in into a single family home.

I started with single-family homes and then moved on to condos, typically holding onto properties longer than I probably should.