Had she checked on the neighbour and let you know, it might be a different story. 

Rents are stable but your not gaining a ton of appreciation and areas in the same zip code can be drastically different prices. 

In my mind with that capital you'd be in a completely different ballpark of investors.

I'm just about to close on a 3 unit in a different part of the country.

That can be the reason some people have differing opinions on how each group should operate in the real estate investment space.

As was mentioned on the other post you created- there is a difference between a non-conforming/illegal unit.

If it is normal and it's out of budget for you, you can either use financing to lower your cash outlay, partner up, or find a different property.If the work is cosmetic, it wouldn't be a big issue to tackle on your own, but if it's more than that, probably best to play it safe and hire out.

After trying and trying, we are following the definition of insanity - doing the same thing over and over again expecting a different result. which leads tooMaking Hard Decisions: I need to make a hard decision, its not working.

Wisdom is knowing which is which.We do something a little bit differently, we buy "off market" and take over thier loan & we expect to get low interest rates and equity up front like this.

People who are willing to collaborate, and help others along the path truly make a difference in the world.