Typically a solid GP would reach at a 2x multiple in 5 years, taking your 500k to 1MM.

Typically, RS3 permits SFHs and two-flats, by right.

Even with the balloon, this is more typical for owner finance. 

Meaning, the bank wants to see that a property cash flows for typically one to two years of tax returns before they count it as income. 

@Matthew Drouin had a great reply:"Typically 50% of revenue is going to go right to operating expenses on small multi family. 

Typically, higher income areas have lower crime, more amenities, better schools.  

of those I like next door best because it is hard to fake and the reviews are easily tied to a reviewer in your community.The costs of ADUs vary significantly for various reasons including by ground up vs conversion, difficulty with lot (sloes, access, etc), finishes, and even the size (bigger typically have lower PSF).Good luck

Typically a tax foreclosure is first position lien.

I accept the need for a competent PM and the reality that competence typically ain't cheap.

All too typical park owner who took all the profit out of the park without reinvesting in the business then wants to sell you the potential he was too cheap to invest in.