Start by talking to your banker and figure out how much you can finance and how much home you can buy.

@Gino Barbaro Thanks for that shout out.  

It's an investment into the property, and if/when they move out or even if they're there you can now add a traditional dryer to the property and collect additional rent.

(That's also assuming the higher density is what a developer is looking for in this area).Thank you for pointing that out.

I have some short-term rentals, and occasionally, a few of these have turned into mid-term rentals when rented out for several months.

For cold calling I would like them to speak clear English and not obviously sound like an out of the country call center.

You back out of the deal & lose your EMD.

Get the inspection report and check comparable properties quickly for condition and then go to the seller with your proposed reductions and be able to point out condition-comparable properties in keeping with your proposed price reduction.

I am renovating a walk out single family home to have a separate legal unit in the walk-out basement. 

@Jessica Heller I do have some ideas on this and it strongly depends on what you are trying to do but I would recommend to take a referral OVER just going out and finding it on your own.