If this is the wrong approach please let me know what you think is the right one. 

An architect will be able to answer those questions and perhaps be able to identify other physical and economic obstacles that won't arise when merely approaching this through the lens of whether you can obtain a zoning permit.

My approach combines thorough market analysis with a deep understanding of client needs, ensuring that each transaction is beneficial for all parties involved.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

One approach could be to reach out to tax professionals in other states with lower costs of living, as they might provide quality services at more competitive rates.

How do I approach it in a financially smart way?

In today's market, rising interest rates and economic uncertainty might favor holding properties for stable cash flow, while flips could be riskier if buyer demand softens.For many, a hybrid approach works→ flipping in strong markets and holding rentals for long-term stability.

My sister and brother-in-law own a cryptoexchange and they always tell people to only "invest what they are willing to lose", so that's always been my approach.

We financed this deal using our typical approach—leveraging Partner Driven's resources and capital, allowing our partner, Rodney Lomax, to focus on property improvements without the stress of upfront financing.

What's the best way to approach this phase of an investment?