The stats are: -5 stories totaling 20,000 square feet above ground, plus a full basement which is partial commercial space and partial tenant storage/utilities-First floor commercial space is around 2300 square feet with an additional 1500 in the basement, 12' ceilings in the first floor-14 residential units above, most have private balconies or decks, elevator, bike storage, mail room.

Flipping a house generates ordinary income tax- so you won't be able to utilize that and get any tax advantages from buying a house in a QOZ. 

Highly desirable location, school district, is a "coveted location" by locals because most of the land is developed and it sits off an extremely accessible roadOur current rent: $2,500 + Utilities (the home could almost certainly rent for $3k).

So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70%   1) Fixed Expenses:        a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance:  5.4% 2) Variable expense - Water bills + repair expense : 16%  Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7% b)Child Care: 25.4%c)Living expense: 22.2% d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100%  A) Rental Income: 42%  B) Wage income (W-2) : 26 %  C) House Flipping Revenue: 23%  D) Property Management Revenue: 5%  E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.  

Sub 2s are a little quirkier and even less common but it's a possibility. 

Credit low only due to card utilization.

Make your offer contingent on proof the numbers are accurate ( if they acceot your offer ask them to provide T 12, rent rolls, utility bills, proof of deposit, Tax returns etc)As far as it being big enough that depends on your goals, what are you looking to accomplish and how will this building help you do that?

My why:I asked because We fear liability for that negatively leveraged land under utilized equity asset not to mention the opportunity costs are losing for us.  

You can also look at each of your AirBnB 'comps' in your area and see if there is a commonality among the property 'hosts' or 'co-hosts', and if there is, I'd suggest you reach out to that person to learn more about your local market.

We do this quite often as it is almost common practice for Environmental firms to "recommend" a Phase 2.