Love this story!

I'm inspired.

Painted a 2 story house when I was 12. 

Functionally, it operates as a 2-story home since the downstairs area has multiple windows in each room and plenty of natural light.

Yes, I've heard the that about the rent control rules and in addition I've heard some nightmare stories about dealing with the building dept in Union City!

I will keep doing my updates, for both for future readers that may need inspiration and just to add to this thread!

Then I started to contact brokers that bought and sold Apartments complexes and proceeded to 1031 exchange all my Condos for Apartment complexes and told my story on BP Podcast 238 in 2017.  

Otherwise 2 years from now the same posters will be back with the same stories on their new investments. 

Long story short, you can, but since you are only targeting investors, your sale price will likely be lower than comps.Talk to a local agent about your local tenant laws and have them review their lease

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000