The fact that there's only 2 meters on property is a huge hint that the third unit may not be legal or may be a legal non-conforming use.My guess is the property has a main house and an ADU that was once a shed or a barn in the back.

I was thinking about putting of the sign since there are traffic in a main road. which is very close to my property.By the way, the vanancy rate is 15%, which is a lot of nice apartments in the area are having hard time to rent out.

They can have a prepayment penalty and higher out of pocket costs at times as the main drawbacks.

Hey @Jason Thompson - I'm guessing the deals you're finding are mainly residential? 

Whats the issues on the refis, mainly cash flow? 

I'd love to connect sometime, I live in Phoenix and work with mainly fix and flippers.

I'm based in Seattle but have scaled my portfolio to 10 doors across mainly Memphis and Detroit.

If you decide to go with it, understand that you're taking some risk.And, speaking of risk, the main risk is the IRS focusing on this strategy at some point and identifying it among "abusive tax strategies" as they did, for example, with notorious conservation easements.

Which is the main excuse I hear for almost everything these days. 

I am a tech entrepreneur with experience in proptech and mainly in the tech-enabled STR space.