It's legally a 3 bed 1 bath, wondering how they would have managed 3 bedrooms in that amount of space?

I put in $230,000 because the the 2 lower comps didn't do a master bed conversion while the 1st one did.

Originally posted by Kanku Livae:Note: In tax liens and tax deed investing, there are only two outcomesActually, there is a much more common third outcome; some newbie investor thinks they're going to 'get rich quick' down at the tax lien sale, checks the physical address, bids on it, wins, then finds out they should have check the APN because the physical addresses are notoriously wrong and instead of that 3 bed 2 bath house they thought they were getting, they purchased some garbage lot with a public utility easement right down the middle.

I just got a home in Longfellow for 28,500 with a 7k rehab that rents for 1500 a month. 5 bed 2 bath that if i put it on the market now would sell for 100K.

$116k purchase, $54k Fix, $226k sell.Nothing TOO exciting, majority of the work went into structural repair, and its a big house. 4200 sf, 6 bed, 4 bath.

I am not familiar with how to formaly grade a property, but in my mind the grade that seems to make the most sense would be D to D+.

Both units are 3 bed, 1 bath.  

.  keep in mind I’m just now about to pay rent for the first time since moving in I have a head property damage now and really bed health effects.

I take my privacy very seriously, and my personal information is very valuable to me.Anyways, I did get the offer contract about an hour later after the last call, and we just signed it and sent it 45 minutes ago, after reading it and scanning it into the pdf...My agent told me that the garage was converted into a 1 bed 1 bath without permit.

I have my eye on a large lot that currently has a really small one bed one bath on it. the zoning allows for a fourplex to be built and that is what i would want to do with it. the property is very close to future development that i believe will drive up the rents in the area. my thinking is that if i rent to own the property, i can spent the year going through the process of getting permits and what not for the build, while still being able to walk away if it turns out to be a bum deal. thoughts?