We found this deal reviewing Loopnet and saw it had been sitting on the market.

An architect can assist you in the initial work to get this submitted to the city for review and approval, and then a GC can pull the permit and work with you and the local inspectors to get this up to code.

@Sham Haile you should look up the Tenants Union & RHAWA websites to review the notices and requirements for how notices need to be provided to tenants when a seller intends to sell a property. 

My message back to the realtor:After reviewing the inspection report, here are my thoughts.

Hey, has any of you guys done the Multifamilystrategy mentorship? I would like hear the experiences of people that have done it. Thanks!

A good builder will have some solid plans to choose from that your property management company can review and maybe tweak.   

I recommend looking into passive pockets and the syndication forums https://www.biggerpockets.com/forums/960 for reviews on syndications.

One would need to be a serious sucker to value some Airbnb 5 star reviews and some sheds in the backyard at $200k+.Not necessarily. 

We have been educating ourselves by reading/listening to literature on this topic.

I told them about all of the bad reviews on Trust Pilot and what I have read on BP.