Quote from @Brian Dolbeare: I’m considering purchasing a small multifamily property in Pittsburgh that I really like, except for one potential drawback: it has 100% street parking.In my current market, lack of off-street parking would be a significant negative, especially during winter.

From my view, neither property type (with the right features) suffers from the same potential downside appraisal risk as converting SFR or duplex.  

I saw the potential to cash flow when the opportunity presented itself I jumped on it.

I’d look into the cost of a 500 sq. ft. garage and compare it to the potential boost in sale price.

Assume a couple of months of vacancy, consider potential unexpected repairs (like HVAC or plumbing issues), and test the numbers with rents dropping by 10-15%.

When evaluating a potential real estate investment, both the Debt Service Coverage Ratio (DSCR) and the 50% Rule can be helpful tools.

One time I had a guest smoke and it went right up the ducts into my unit, it was awful.I'm conscious about how that could potentially affect guests who will be staying in the upper unit in the future.

I’m based out of Lehi, Utah, and have always been fascinated by the potential of real estate to create opportunities and build wealth.After spending time learning about the industry and what it takes to succeed, I’m ready to dive in and start making deals happen!

It  depends on your risk tolerance and what other assets you’d like to protect.

If it concerns you that much, adjust the purchase price to take into account this added risk.