I did a comping analysis and this would cash flow as is and do well with some added amenities I plan to add to it. 

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

I have a potential private lender, but I need to determine if this is a viable investment opportunity and explore the best financing options You posted this same thing three times - in two it was a 36 unit and in the third a 32 unit.Do you have any other details about the transaction or perhaps wish to share your initial analysis so the volunteers here can poke holes in it or tell you why you're right?

Many investors on this platform are working to get over paralysis by analysis and they like to dig in and do their research before reaching out.I’ll admit, I’ve slacked a bit on BiggerPockets lately, but I have plenty of content on other platforms and websites.

Quote from @Zachary Deal: @Trevor Finn Great analysis! 

I think many people get analysis paralysis and therefore people will tend to never invest due to the fear of losing money.

@Hamidou Keita House hacking by converting a single-family to a duplex is a smart strategy, but requires careful planning.Pros: Offset living expenses, higher rental income, increased equity.Cons: Significant conversion costs (permits, construction), zoning restrictions, living in a construction zone, managing two tenants.Key Considerations:Feasibility: Check local zoning and permitting.Costs: Get detailed construction estimates.Market Analysis: Ensure post-conversion rent covers expenses and there's rental demand.Resources: BiggerPockets forums, local contractors, real estate agents.Have you researched your target property's conversion potential?

This negative equity position is one of many reasons that adding ADUs in a single family zone is not typically a good RE investment.OP whatever you decide to invest in, make sure you do thorough and conservative underwriting. good luck You’re right in that the level of underwriting I presented wasn’t institutional level - but for your average person just starting out, institutional grade analysis often makes the thought of investing overwhelming.

Mine has grown over the years to accommodate more properties and analysis, but I've divided into basic sections:Revenue (by unit)COGS (I know, but old habits.

-Recurring and Seasonal Maintenance Tracker -Finding a Market-Analyzing a Market-Property Closing Checklist-Underwriting and Analysis Worksheet-Due Diligence Checklist -Buy Box Checklist There is no reason to recreate the wheel.