I can put up the equity myself but I friend of mine has been on my case to get involved in a project so I want to propose something that is fair for both sides5. 

However, the sellers attorney could object on the basis that the base property did appraise, which is the sellers responsibility and the proposed improvements did not bring the needed appraisal amount, which is the buyers responsibility.

I like the idea the other person proposed of renovating and having an up to date unit to show. 

There’s also plenty of room to build a stand alone apartment.First, how do I find out what’s legal and if it’s possible to rent these other proposed units?

As you have seen prices are at 9% makes junkers over priced for investing proposes.

I am not sure if what they are proposing is disruptive or not since I am new to this environment.

With the amount of equity you are proposing, I would trade up to a 5 unit or higher deal.

Can anyone suggest a contractor who is available to see the property and provide proposed scope of work. 

Proposal to regulate all cash offers to reduce use of RE to launder money. 

A picture is attached of the current / proposed layout (I'm not artist)My predicament is that I want to maximize my rent but I'm not sure if it will justify the addition of a wall with a door, the removal of a current door and the replacement of that door with some wall, the enlarging of window to make it meet egress standards (not positive on this one but I think I have to do this), and the removal of a closet to make a section for a door.