The previous owner who was planning to make a pet hospital had some of the drawings and plan done on this old building.The previous owner also had no plans for addition or extension of the existing building since it requires zoning of a plot which is more time consuming process based on the feedback I received from county and a couple of civil engineering firms that I reached out to.I was provided the following list for civil engineering work.Pre-construction phase1.

They are either speaking out of their limited experience or claiming something is legal or illegal based on personal preferences. 🤓🧐  thanks  Scott:)

I'm a CRE attorney based in Nassau County although I frequently work in the boroughs as well.

Since multifamily properties in your area don’t pencil out, exploring out-of-state cash-flowing rentals or mid-term rentals (such as renting to traveling nurses or professionals) may be better alternatives.

I'm more than happy to take a look at the adress and give a Rental estimate based off the current Market if you'd like, just send me a PM!

A quick web search shows it can cost upwards of $25,000.I'd say that if the flea-bag isn't a service dog now, it probably never will be.

Reason why is if you go to sell it, people are not going to comp it based on 40 year loan.

I didn't see anywhere that you posted what they said ARV was, or what you think it is based on comps...the County assessment has no bearing whatsoever on value.

But based on my personal experience you won't cash flow with a DSCR loan on a SFR rental.

.✅ Do your research to learn what is realistic.Spend time really considering what type of business is going to be the best fit for you based on your experience and how you want to spend your time once you are the owner.