Keep in mind of the I/O(payments/period) and game plan on how fast you'd like to pay it down. 

I already make a living out of real estate and I'm not planning on ever leaving this space, I'm here to stay. 

I've lived there for all of a week, and am already planning on moving out in a month or two. 

This will help you plan better and price units accordingly.

If you plan to be there for the entire rehab process, then go for it. 

They found it out, andI had to go to the planning board and zoning board, hire an engineer and architect to make the fourth unit legal.In my opinion, the realtor should have verified the zoning, and if you used bank financing, it's pretty rare for the bank to miss it as well.You are probably going to have to hire an architect to draw plans and to get it approved as a triplex.I wish you luck.

What did they say is the plan?

ThanksI want to add that I bought this house so I can move there eventually but our plans have changed.

The home burns and the incredibly over taxed CA FAIR plan has either gone bankrupt or takes years to pay out.2.

I plan on renting a unit and probably getting a roommate or two in my unit to maximize cash flow early on.