If at one time the house had gas heat it may still be rated as gas.

Hey Matt,We’re still seeing strong numbers on 2-4 unit properties in Detroit, particularly on the off-market side.

So as a newer person in an area if you want a lot of bids before you close you'll normally end up with the more expensive guys or the ones that don't have work at the moment (usually for a reason).

I guarantee virtually no one is meeting that rule in SD because they're all on here looking to buy in Cleveland or Detroit because in that market price to rent ratios are so askew that buying at a 50% discount probably doesn't get you the 1% rule. 

Would a bank even allow us to mortgage multiple buildings on a single lot without it being subdivided?

one thing I didn't see in this thread is... do you WANT to own and operate an STR?! 

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

I finally settled on "Mom and Pop Residential" and "Mom and Pop Commercial." 

Then continue to scale - don't try and retire off one deal

@Jorge AbreuI'm shocked that nobody has commented on this post sooner.