There is an alleyway that has one entrance and is the only access to the 2 car detached garage in the rear of the lot. 4 years after purchasing the property and more than 30 years of the alleyway being used for access to the back garages (my house and 2 other houses) the owner of the vacant lot behind us demands that we buy the gravel alley way because it is a part of their parcel that they are trying to sell.

I am doing a deal now with Old Navy and they want a warm shell plus their specified store entrance and $40 psf tenant allowance. 

He also has a good view of the parking and entrance, so he is going to keep an eye out for him.  

I'm finding that to upgrade to a proximity tag or intercom system type entrance access system for tenants I'll need to replace the doors with something that has the electric/magnetic strike. 

I was fascinated by the concept and this particular building, Each unit is a 2/2, but one bedroom is Hotel room style with private entrance, balcony and bathroom, the other is living room and kitchen bedroom bathroom with connecting door.It Seemed like a very Solid concept for investors, so I moved into the building I hope to buy in, to do some hands on research and learn the day to Day.Like everything else there are Pros and Cons.

For example, targeting young families and the house near the subdivision entrance takes longer to rent and rents for less.If any dimension of the master bedroom is less than 12', the time to rent increases.

Because the in-law was built with permits, except for the separate entrance and kitchen (added after the inspection), we think it's likely that it would be approved as a legal unit.One problem with this plan is that we can't cover our mortgage + property tax ($2700) with the rent from the top half alone.

I'm thinking about going with some automation for security and guest entrance.

Both seperate entrances, ~$1000x2900 sq ft 1 bedroom apartment street level w/ seperate entrance ~$9002000sq ft upstairs unit ~$1000x22000sq ft basement with $1000Located in SF Bay areaTotal rents= $5,900/moProperty price $290kAm I crazy for considering this place to live in?

It is originally a single family home, but the upstairs has a separate entrance so I rent it as two apts.