I think the general idea is that areas like finished basements, or cape cods with sloped ceilings on the 2nd floor have finished space that is not equivalent in value and use as other finished spaces.

Hi,I'm trying to improve my close rate as a multifamily investor and wanted to gather some insight on what others have for their closing process from start to finish. 

@Jordan G. if you're not putting any bedrooms down there, generally speaking you should be allowed to finish a basement.

There is also usually a map of the ongoing and finished developments.

There are companies out there that have 0 skin in the game and are just referral sources and there are others who are vertically integrated so they own/manage the entire process from start to finish. 

Thanks. because existing is super messy and lower returns for general contractors and HIC, I'd recommend looking at new construction too. start to finish 120 days right now on 1-3 family is what our market is going for high volume spec homes that have been built before. 

The building has a metal exterior finish with large bay windows and a durable brick.

Your definition is correct for "legal non-conforming".The "legal" part of "non-conforming" is dropped when it doesn't apply so most commonly people call these units "non-conforming", "finished", "in-law suite/unit", or "bonus unit".Non-conforming: Any property that doesn't meet current zoning requirements.Legal non-conforming: A non-conforming property that was lawfully established under previous zoning regulations and is allowed to continue its use.Based on his posts @Mario Morales is referring to a non-conforming unit.

PEI here.. looking to move to NB when I finish school and start investing in Saint John/Moncton as they have much better deals.

One has units 1-4, the next 5-7, and then the last has 8-9 that are not finished.