Clear Creek county is a nice getaway as well.

I recently own approximately 1.5 acres of commercial real estate zoned R-3 moderate density multi family in Green Bay WI.I talked to a developer who estimates site fully developed could fit approximately 3 buildings of 12 unit apartments.

Nice work Ben.

Do you want 100k in a maintenance hog, or do you want to have  50% of a really nice 200k property, or 25% or two 200k properties.The other piece of information you have to find is what returns you could get on your money if you bought something else.  

Nice to have another Hoosier on here:) 

And as for the house --it's in Quincy--south of Boston --walking distance to public transportation --right in Quincy Center--there is a major development under way.Current Rents $39.3K a year (probably a bit low still)Taxes/Insurance $11K a yearWater Sewer $1200 a yearI've never had a vacancy in 10+ years but accounting for 5% vacancy this gets to NOI of $25.1K per YearAsking Price:  $630K.  

Either unit 3 will have to use a Laundromat until your tenant in unit 1 leaves, or you'll have to agree on some sort of compensation for the service (not needing to share) that you're taking away.If the tenant was told when they moved in that the laundry would be shared, tell them you're glad they got to enjoy sole use of it for so long and get over it (nicely). 

@TonyGunter that's a nice analogy.

Welcome Ramon,You came to the right place to learn and develop relationships that will definitely help you in your real estate endeavors!

I'm asking BP members for a referral to someone you know and/or have worked with who is a Land Development consultant in the Charlotte Metro Area.