Created a master en suite in the rear of the house.  

It has a huge lot, but putting it on the rear of the home is kind of weird but maybe the only place.

Just ask all those California investors who have lost their rear end throughout the midwest.

I did a drive by and it does show signs of neglect(older AC, needs new windows, addition on rear has roll roofing in bad shape).

We are looking to purchase a 5 unit that is zoned for 3 dwellings but also has 2 unpermitted studios in the rear.

That property has been maintained and is still functional today, with chariot parking in the rear!

On the other hand, the government may increase the number of subsidies; may increase rental rates (as inflation rears it's ugly head); and the government may provide incentives for rental property owners.So, the answer is - NO-ONE KNOWS,Good Luck,Mike

Apparently it just took months for the water to work its way through the cracks in the cement and completely rot out the support beam above the rear basement door.Well as you can imagine I'm sure...we do eventually start making some progress.

. $3,012.04   legal fees$2,211.04   Subsequent Taxes$6,770.30   Total Cost$45,000.00   Sale Price  $1,928.89   Misc. sale costs$36,300.81   Total ProfitTotal time 2 years 1 monthHere is a view of the rear of the house.

Renovated each unit ($5k per unit) and paved a private 4 space parking lot at the rear of the building and rents are now at market. ($600 per unit) Fast forward to today October 2019 and the property has maintained 100% occupancy and has been appraised at $180,000 positive cash flowing very nicely.