Bought it for $180k 5 years ago as a buy and hold.Developers are putting $400-600k homes on tear-down properties all around it.I looked at tearing down and putting a 4-plex on the lot...not allowed per code.I looked at tearing it down and doing a duplex...after all costs and penalty of interrupted cash flow...bad move.I looked at tearing down and putting two single family homes...bad cash-flow move.It just seems that with a lot so large relative to the size of the home is in such a hot/in-demand area, i should be able to get more cash flow. 

How will the commission and all expenses related to the selling affect the gain?

I am new to Bigger Pockets, and relatively new to investing.

Curious as to how the BP Community would analyze this property mixture....We're looking at a single property (3 standard lots) with multiple income-oppurtunites on site that had previously been reserved for family/friends, so there is not much of rental history to relate.

They have been relatively quiet and good tenants.

Podcasts I have on cycle:BiggerPockets (Real Estate)Best Real Estate Investment Advice Ever w/Joe Fairless (Real Estate)BiggerPockets Money (Personal Finance)ChooseFI (Personal Finance)Mad Fientist (Personal Finance)The Side Hustle Show (Entrepreneurship)Fat-Burning Man (Health) Impact Theory by Tom Bilyeu (Personal Development)

Hi All - I am still relatively new to the BP world and trying to get started on my first investment property.

@Devon Martin Hey Devon, another approach is to buy something that is relatively stable, meaning that it has tenants and maybe ONE vacant unit for you to move into. 

From my understanding, the various phases of a wholesale deal include the following: A call is received from home owner as a result of marketing efforts Provide a range that we (wholesaler) would be willing to offerReview property and required renovations to determine selling price to market to buyers listGet contract signed by home ownerRecord contract with countyMarket property to established buyer listOnce buyer is interested complete the assignment contactReceive deposit from buyer and put in escrow with title companySet closing date with title company for double close Did I miss anything related to the process?

Housing can also inspect the unit for health hazards like cockroaches, marijuana, etc.Personally, I would tell Housing that you want these tenants out because they are destroying your home.