Other areas to consider are Crown Heights, Weeksville and Flatbush.The best property type to target would be a multi-family with an accessory unit (i.e. full-finished basement/garden unit).Best of luck to you moving forward!

Greetings BP. We are embarking on a project in Brantford, ON where we will be building an ADU. I'm looking to get some feedback from people that have done this in the past. What successes/failures have you had? Can yo...

I'm hitting a wall with an appraiser who refuses to value an ADU (accessory dwelling) on a SFR I'm trying to BRRRR.

Does anyone know about how much it would cost to tie water/sewer/electricity to an accessory dwelling unit a few hundred feet away from the primary residence, or would this vary heavily depending on the situation?

If you get a single family, check into getting creative and maybe add an accessory dwelling unit by converting the garage to an apartment.

Our market is HOT right now and multi family's are getting harder to find, something to think about if you want to bust out the hammer is look for a property you can add an AUD (Accessory Dwelling Unit) to by converting a garage or part of the house into a rentable unit.

Also, I'm looking for how others have overcome this problem in their own investing.Here's some background on the property:Pros:Each unit has in-wall A/C units that are fairly new.All 4 water heaters are less than 4 years oldAll 4 electrical panels have been rebuilt5 minute drive to downtownCons:Built around 1950 so some items are showing their age.No washer/dryer hookups in unit, no on-site laundryMinor issues (in my opinion):Damaged sidingA few small areas of wood rotIssues I'm concerned about:Roof:Roof deterioration - Roof age is 14-16 yearsRoof sealant at ridge caps, flashing, and accessories should be resealedRafter sag - this caused the roof to sag in certain areas, which my inspector said is typical for older homes that have no collar ties installed.Attic access was sealed off, caulked and painted over by the current or a previous owner. 

In addidtion, I don't think Baltimore City has yet approved an accessory dwelling unit regualtion, even though there has been discussion at city council on it.

. $700K might actually be doable.If not, I'd recommend looking into Single-family properties that have an accessory unit i.e. mother/daughter properties and properties with a basement or attic apartment.Lastly, as you mentioned, if you have someone close to you who is like minded and has similar goals, partnering up to purchase a house-hack could work.

Codes generally posted on county website, generally allow accessory dwelling unit.