Compare what you see to the deed etc - there could be a shared driveway or some other easement.Also if the building is occupied you will be dealing with an eviction as well so you will have to factor that into your costs/bid.

How do you deal with a listed property that is occupied?

is this gonna be owner occupied?

Plenty of ways to find out if a property is occupied. 

We fell in love with the location and turned our downtown houses into a rental instead - and we now occupy the lakehouse.

Our family owns a home occupied by a section 8 tenant.  

Most hard money works like this Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Xu,From your post I gather that you will have one occupied unit and one that will be under renovation. 

If I am 50-75% occupied for the rest of the summer, I still make almost-to-more than double the medium-term rent. 

The only exceptionsare:• One- or two-family homes occupied by the owner;• Room rentals in properties for individuals of the same sex, such as college dormitories or boarding houses where all residents are of the same sex; and• Housing intended for seniors."