This also creates quite a level of security for our clients, especially seeing Several builders in the BTR space go sideways over the last few months and we are currently trying to help several investors stuck in building projects that are only half built.  

It seems like there was a lot of hype at the government level but owner/occupied demand hasn't been what they thought it would be.

dont over think this its not that complicated. important issues are.1. cost of capital2. knowing what a deal is or is not.3. good reno crew or contractor  4. good agent that will tell you straight what its worth when done and what level you should rehab to.5. a market that is actually moving napkin math works  trying to drill down to decimal points does not.

Keep good track of communications and do not sink to his level if he gets nasty.

Level 1 trauma center is the best.

Hi Paul, it all depends on your comfort level. 

If it was me...I'd check with zoning to find out how many dwelling units I could build, and I'd find what the requirements are for those units (type of house, height and setback restrictions, etc.).Then I'd find out what local builders think the cost to construct would be - just get a cost estimate per square foot for 2 or 3 different levels of finish.

It has 3 units, an additional dwelling unit in the garden level, and 2 garage parking spaces (which I've come to realize are quite valuable where the property is). 

Our family had a summer home that had an open metal roof over part of the patio, and when it rained everyone was uncomfortable with the noise level.

Best,WilliamThis introduction highlights your enthusiasm, transparency about your experience level, and desire to connect with others while establishing your goals.