They recommend owners to refinance it as a normal house (4 bed 2 bath).

It is in a northern MI Downtown area (opp zone) in a county seat with 2 hospitals, had it re-zoned to mixed use, and is considered blighted which makes it eligible for MEDC funding of up to 50% of project cost.It is 8k sqft (4,000 each level) with the lower level being a walkout (top level is street level with sloped drive down to the rear of the building).

The property is also on the smaller side and has street parking which is typical for Philly but shows that the property doesn’t have to be anything special.

Also, its much cheaper to send a larger volume of street view postcards or letters using a large printing company than it is to send through deal machine.

Software: Stessa for accounting, Deal Check for quick and dirty analysis of potential purchasesMarket positioning: Pet-friendly (fenced-yard, accept dogs and cats), well-designed homes, off-street parking, suburban, full cable TV package (not streaming only)Pricing: Targeting upper-middle market (not budget-conscious guests)So far, so good (since 2020)

That area is street by street.

From what I’ve read in the Wall Street Journal, average rents in Providence are up about 15% over the last two years, which could work in your favor.

Do you know the bed bath count and location class?

Built out the basement into a 2 bed/1 bath unit Lessons learned?

I.e. a property sold down the street with 1 extra bathroom and 250sf more.