Hi Everyone - I've been investing in stocks for years but I'm new to the real estate game.  

What makes this deal a good one for me, is that you are intending to have it for a long term buy and hold portfolio addition and not a cash flow machine month-to-month; coupled with your diversification of your asset classes and moving some of your asset base out of equities and into physical assets. 

How old are your machines?

They actually used a horizontal boring machine so the concrete didn't have to be broke up. 

Feel free to give me a buzz if you want to chat about how we structure things.Remember, the game changes greatly when you can do houses with 100% other people's money.

@Alexandra Gortchilova you might want to consider crowdfunding platforms as an opportunity  to get into the money lending game.

Since this is a numbers game, the only way you can answer the question is to do the following:Establish a relationship w/ a realtor winning to run some comparables for you showing the potential value if you convert from a 2 flat to a singleIf the values are not significantly hire than your mortgage then hold on to it as a 2 flatIf the values are significantly hire than your mortgage then get some estimates for converting from a 2 flat to a single.  

Of #1-3 I prefer #1&2 over #3 as I feel the provider has more "skin in the game" and their compensation is better aligned to yours as the passive investor.

insurance policy is a good way to go.I have been in this game for 40 years and never even came close to sniffing a lawsuit from a tenant.. but of course the very day I say this you get sued..

Spend time on the forums to get a solid grip on the real estate game.