You would basically offer the same set up utilities but you would have a residual income monthly by renting the plot to the owners of the space. 

I'm interested in this property basically for the upswing I think is coming.

@Mark FergusonI'm not disagreeing with you really at  all.I'm not talking about teaching a segment of real estate, but the entire spectrum of the basics of real estate which is pretty much what you had to study to become a licensee.

So basically, get an attorney to put my contracts together as the first step, reviewing them with a title agency as the second step, putting the other team members together as the third step, and starting the search for borrowers as the fourth?

Yes I am looking to buy in the east Rochester Area, basically in a 5 mile radius from St john fisher.

Which means to me that Zillow is cracking down on people hunting for arbitrage on its platform.Consider that, and other potential barriers, when assessing your marketing tools.

@David YoungTo turn your paid-off home into a successful investment property, start by formalizing a lease agreement, assessing necessary renovations to maximize rental appeal, and calculating your cash flow after expenses.

We basically handled the appliances when the floors were done, removal of wall paper (I hope I never see any ever again, lol) repaired the walls, paint, hardware, installed new stairs and applied poly. 

It will familiarize you with the basic terminology and benefits.

It provides basically a tenant portal where you can upload copies of the lease, manage electronic payments, even do other things as well like maintenance requests.