All but one of the family members are on board, and we collectively own the majority, but it's 55% and the bank requires 60%.

A cost segregation study was performed on this single family home in Iowa City, Iowa with a depreciable cost basis of $649,900.

Personally I prefer single family homes around that median price because that's where the most demand will be not only for owner occupants but renters as well.

@Jennie Berger The RS-3 Zone allows for Single-Family residences & 2-Flats as "Permitted Uses"; however, the RS-3 Zone still requires 2,500 sq.ft. of lot area per unit (i.e. 5,000 sq.ft. for a 2-flat) unless the lot meets the exception for the characteristic of the block as previously mentioned by Nicolas; then it can be reduced to 1,500 sq.ft. per unit in order to construct a 2-flat.

Ideally, I would like to buy a 2-4 unit, but I'm not closed off to a single family and renting out the rooms.Any advice would be greatly appreciated!

I am actively looking to connect with investors interested in [mention specific types of investment opportunities,  single-family homes, multi-unit properties, distressed to expand my portfolio and deliver strong returns.

Hello my BP family!

Investment Info:Single-family residence buy & hold investment.

If you're looking for cash flow you can easily make $300/mo net on a single family property in a better neighborhood/condition.

The ability to turn single-family lots into duplexes or even split lots for separate units can significantly boost rental income and property value.