Basically if there is no "living room" and there are no comparable properties with similar square footage and bed/bath count in your area the property becomes difficult to comp or sell and lenders will not be able to use it as collateral for a loan Excellent point.

Seller Financing Terms - 10% Down, 5.5% Interest Only Loan w/ a 5 Year Ballon Payment.How did you add value to the deal?

Depending on how upscale your finishes really were, you could have that built in this market for 300 to 325 per square foot fairly easily right now.

Washington, or Shepherdsville would be about as far out as you could reasonably go if you are lucky.

Years ago in Oregon and Washington.. we did not need money all you had to do is give an EM  NOTE ..

Reposition the property to a higher and better use. 4 years ago we purchased a 10,000 square foot building used as a music school.

@Aaron Zimmerman my old Chicago buy box (Albany Park, Rogers Park, Irving Park, Lincoln Square, Ravenswood Manor) has moved pretty far away from my preferred fundamentals.

I snowbird in AZ and WA and when I'm home in WA I Airbnb my Tucson place.

They will most likely be able to give you a rough cost per square foot.

Quote from @Danny Gonzalez: @Jermaine Washington Glad I could help!