Without a doubt this is a HML deal as @Jay Hinrichs pointed out and it is a possible great return as @Charles Worth noted and the logistics of notifying investors might be a challenge,but with all the great tech software floating around they should have a stress program to handle these foreseeable problems.

Also depending on location, I highly doubt you will ever get zoning to change a single family to a duplex.

# of units: 20all 1 bedroomall 360 sq ftasking price: $379k, down from $399kyear built: 1995 (pretty rough shape though)current vacancy rate: 30% (6 of the 20 units are vacant)current rent: $125, collected weeklylocation: decent... this property is probably the worst eye sore inside of a 3 block radiusworking class area... some gang-related concerns... all in all a pretty solid town expenses: all utilities... approximately $1,900 / monthrepairs needed: not sure at this point... 10k-20k would go a long way in improving the look and appeal of the property and would likely reduce vacancy ratecap rate: 9-10%Based on the numbers, this is without a doubt the best property I've looked at, but I have a few questions:What are the best ways to reduce vacancy rates, generally speaking?

I really doubt there is a RE attorney in the country I couldn't explain any strategy or niche operation to in terms they know in under one minute.

If the education is any good, I look forward to seeing results of it, but doubt I will. 

I doubt he would want to be hauled into small claims court for non-payment of rent. 

I've also stumbled onto what I consider to be a great, affordable tub surround: I go to the local flooring warehouse and buy a roll of scrap vinyl, then apply it to the tub walls with contact cement and metal edging.

I have a colleague who was recently fined $10,000 for simply talking about the crime rate in a neighborhood.I have no doubt in my mind that if a government agency or a non profit dealing with fair housing issues saw your post, that you would be in line for a very large fine. 

I get the concepts from books and the like but the application is what brings it together and cements the knowledge you've gained. 

As far as getting back the cost of inspection, I doubt it.