Also, if you can't pay for an appraisal or finance an environmental study with a property of this size, you need to sell as soon as you can to pay back your friends and family because you're seriously under capitalized. 

This is done in Chicago loft style apartments all the time.

However, our capital sources ask the question "asbestos" and other hazards on their environmental disclosure form(s).Thanks for replying.

but your place need to operate first and you need to show them that your place is making money.Third, you need to decorate your place with a style like you would normally stage a home before selling.

In NJ, one thing people often forget to ask about is an underground propane tank/well which, if its there and has not been remediated properly can be a disaster to overcome (very expensive and NJ Environmental dept will be all over you).

Sometimes former gas stations and dry cleaners don't sell due to environmental hazard.  

The carpet is an outdated style, and it is getting worn at the transition pieces.

Purchase price: $125,000 Cash invested: $55,000 Sale price: $260,000 Fully renovated gorgeous Colonial style home in one of Gardner's best neighborhoods.

Purchase price: $125,000 Cash invested: $55,000 Sale price: $260,000 Fully renovated gorgeous Colonial style home in one of Gardner's best neighborhoods.

It looks like a "ring base station" is required to make these work, not sure if there is a work around, and also wondering if you'd need your own dedicated wifi in the house to connect all this too Owning a few properties myself and as a property manager for other investors I am imagining now the calls I would be getting when this system isn't working properly, batteries die, motorized lock stops working etc, so living in new england with the elements and temperatures we experience I would not recommend this to the owners of the properties I manage I have an up down style 2 family with a common entry door that sounds very similar to your setup.