You can convert it to a legal living area if it's got two egresses, such as a window large enough to climb out, must be a certain size, plus a door to the outside.

Although the public sentiment still seems to be gloomy on Atlantic City with new casinos popping up all over NJ and PA, we think there is and will continue to be a large enough volume of visiting beach/casino goers and local job base to support AC surviving.

Milwaukee, on the other hand, retained its character as a city that was built on Lake Michigan shipping with large populations of German, Slavic, and Italian immigrants.

They said everything was ok except a valve needed replacement (concession made).July: Waiting for plumber report since lender required documentation.Late July: Now PM/ seller is saying they found a 'large water leak' and will be fixing it.At this point, I am feeling less confident that the home will be in decent condition.

But if/when a correction happens we'll stop or scale back on the renovations and still cash flow (assuming other variables aren't in play). 

It also has a large detatched garage with a second floor 1BR unit (separately metered as well).I have an offer in right now and am waiting to hear back.MY QUESTION:I was poking around on an Atlanta zoning map, and I noticed the property is zoned r4a -- single family residential.

Large slab and lots of exterior walls.

It might be okay if you had a large portfolio, but just one or two would probably be tough.

That is to say , when you were getting enough income to buy other properties outright and scale out ??

The market will turn for the worst at some point and this would be a large risk in my eyes.