This is a beautiful house - rehabbed/looking new and fresh - walking distance to the water etc, yet low gross yield  compared to Byrd (???)

I’d look into the cost of a 500 sq. ft. garage and compare it to the potential boost in sale price.

My cost wont necessarily be the same or comparable as I GC my own projects and have trade skills.

When I say i've never had this issue, I mean- Even in the D class neighborhoods i've owned properties in, i've never dealt with vacant apartments for this amount of time.If you're comparing the 40 unit building next door to mine with security, it's sort of like comparing apples to oranges.

You have to compare your expenses with each management style and find the option that works best for you.

If you do something that is too high end or bold compared to what is available in the neighborhood, the exit could be very difficult 

CT isn't cheap so if you plan on doing it there you are going to surprised at how poorly you do. maybe in the suburbs I'm not sure but as much as I know people call us from CT and everyone is rich and has lots of money and things are expensive out there. build to rent is a great model. we build 3 story walk up infill and keep it to the residential side. 3 units is the most units before it's commercial and you need engineering, etc. check comparable and things liek that. we came up with this design a year ago and we sold 10 if you want to talk further please DM me happy to connect. there are some great build to rent conferences. we went vertical not horizontal with it to save on build costs and design to fit on any infill lot. this fits on a 3500 square foot lot. most lots in our area are 30x120 or 30x150. in miami where I live now they are 50x100 or so. but any infill lot we can pretty much get this one on. there are some great build to rent conferences coming up too that if you like this topic I'd recommend attending I'm sure you'd learn a lot. 

Great question @Lorraine Hadden,You should always compare both side by side to see the advantages /disadvantages to each.

I am going to continue to analyze the market until I am absolutely ready to buy with ample reserves and more specific analysis on comparable properties.

Kathy, check out Anchor Loans as a comparable.