Always make offers below market value at a price that will make an equity,sell or renovate ( It is imperatives to know your comparable and compare prices, Square footage and condition, calculate the cost per SF) compare dollar value (divide SF into asking price to get cost per SF) Ask "Can you help with financing", even if you get a NO, ignore that and make it a contingent in your offer.

@Rodney Turner Can you turn some of your square footage into a half bath?

How much square footage is the boat, and if rentals were allowed what could this kind of property bring in in your area?

Some good metrics to look at:Median home priceMedian household incomeMedian rent price (specific to bedrooms/bathrooms or square footage)Population growthFor cashflow: price:rent ratioFor appreciation: look for significant economic drivers (large scale employers, tourist attractions, development/construction, employers moving in, etc.)

Hey Zac, I'd be happy to discuss this with you further, but from a glance- very strong rents (granted i don't know the bed/bath breakdown, square footage, etc. of the units) and the supply is very limited for multifamilies on the MLS here in Columbus, and the good deals come and go like the wind.

You want to find sales of similar style, square footage, beds/baths, condition, lots, in the same neighborhood in the last six months to get an idea of comps.  

I did find out that the adu has to be less than 40% of the total square footage of the main house.

I found that the best deal might come from a page of David Greene's BRRRR mantra: Add a room, square footage, units, etc. to add value.I'm shopping for a duplex with a 2 car garage for cheaper ADU convert.

Some cities allow for building drawings to be submitted without an architects seal if they are under a certain square footage or meet other requirements.

Hello Camilo,Yes, often lenders have both minimum loan amounts as well as minimum square footage in the living space.