So they’d buy the house across the street and make it nicer. 

Even units in the rear, not visible from the front street are not allowed to be residential and must be commercial.

The next neighborhood over (literally across the street) is pretty nice, but falls in a different township that has higher property tax, and then the next neighborhood (about a 4 min drive and 15 minute walk) is much lower end, and while fine class C-ish area, you can't push rents much, and the village has its own income tax, so you will pay 2% of your net to the village...But back to first comment: take 4-5 days and travel to each.  

.* 1.5 miles away from the new billion dollar Inova Landmark project which will complete in 2028* The Duke Street corridor from Landmark to the King Street Metro Station has the highest ridership in the City and will be under construction in 2026How did you find this deal and how did you negotiate it?

Situated in the heart of the city's vibrant Art District, this 1977-built condo offers an exceptional blend of historical charm and modern living.

Megan Luckily the math part isnt too high level just addition, subtraction, some mulitplication and division but we as a community can all help you through it.Leave the complicated math for the wall street quantative analysts and derivative traders.

Second, I look at listing photos and Google Earth Street View to assess the condition further.Third, I determine a rehab scope and run it by my agent.I have my agent, inspector, and contractor walk the property together.

The property has about a quarter mile of street access, and no trees or anything to block it, so I wanted to put something there to give a little privacy anyway, and then these trees obviously have to go, so I was hoping to re-use them.

However, not so far away, we had another investor who tried the same strategy and it failed miserably as comps with standalone ADUs were not adding value the same as in the market not so far away.Research your market, even down to the street in various neighborhoods well. 

Hello BiggerPocketsI’m excited to introduce myself as a new member of this vibrant community.