Meaning investing $200k to build one will likely not increase your value by $200k.

However, there isn't a standard form like a NAR lease agreement; it just needs to provide some general information.

If the zoning map was altered where all 2-4 units were now RT-4 then developers couldn't just tear them down to make SFH and building owners wouldn't need to fight the city to increase density. 

Quote from @Michael Daniel: @Jaycee Greene these are low income areas however there's a lil room for rent increase but not much. 

Whether or not you believe there will be drastic changes, we are already seeing increasing weather events with unusual patterns like the hurricane that whipped through Central (Inland) Florida in 2024.

If what we are feeling is accurate, the January data should show substantial increase in buyer demand.Jan 1, 2020 to Jan 1, 2025 InventoryWhile interest rates remain high, the demand from buyers is still strong.

@James Landsford That punch list is a lot of work that won't necessarily help with you increasing rents over time.

This allows us to increase our active cashflow to then cherry pick the long term holds we would like as well as work faster.

Hi @Robert B Azimi,A home that has been registered through The Mills Act, can be rented out the same as any other property, and it can even increase rental revenue as there are people who really like the thought of living in a historic house.

Without actually building the 3rd unit, would this new triplex eligibility increase my property's value?