You don't buy a $350k property for 1,800 rent unless you want to capsize your portfolio or unless it is a holdover tenant and the property has a ton of appreciation potential.

Good evening, I have a SFR in Miami dade county and this is the zoning info from the county website:Land UseMuni ZonePA ZoneGENERALRU-2 5700 - DUPLEXES - GENERALFrom the county website I was redirected to:  https://library.municode.com/fl/miami_-_dade_county/codes/co...and I think the construction of a new unit in the back (There should be enough space)  can potentially be approved based on the exception (3)ARTICLE XV. - RU-2, TWO-FAMILY RESIDENTIAL DISTRICT[19]SHARE LINK TO SECTIONPRINT SECTIONDOWNLOAD (DOCX) OF SECTIONSEMAIL SECTIONCOMPARE VERSIONSFootnotes: --- (19) ---Cross reference— Height of fences, walls and hedges in RU Districts, § 33-11; location of swimming pools in RU-2 Districts, § 33-20(c); maximum setback for principal residential buildings in RU-2 Districts, § 33-45.Sec. 33-201. - Uses permitted.SHARE LINK TO SECTIONPRINT SECTIONDOWNLOAD (DOCX) OF SECTIONSEMAIL SECTIONCOMPARE VERSIONSNo land, body of water and/or structure shall be used or permitted to be used and no structure shall be hereafter erected, constructed, moved, reconstructed or structurally altered for any purpose in an RU-2 District which is designed, arranged, or intended to be used or occupied for any purpose, unless otherwise provided for, excepting for one or more of the following uses:(1)Every use permitted in RU-1, RU-1M(a) and RU-1M(b) Districts.(1.1)Workforce housing units in compliance with the provisions of Article XIIA of this Code.(2)On lots meeting the requirements for two-family use, every use as a duplex or two-family residence, including two private garages.

Buy or inherit and hold for a long time, then cash out and redeploy equity into potentially higher cash flowing properties or other investments.2.

North side of Chicago has lower profit margins but higher potential for appreciation, just something to keep in mind.

ARV potential How did you finance this deal?

Is it possible to sell 1/2 my interest in a PRIME piece of land that I own with HUGE upward potential? 

So when a potential renter comes in and you were managing my property.

I think @Bruce Woodruff has a point about potentially hiring an inspector with a construction background to check the repair work.

I would be happy to take a look at your property and discuss comps and potential strategies. 

If you're trying to fund itself yourself for smaller commercial real estate, that's your choice but I'd take ags, minerals, energy, infra over that anyday of the week.