I mean if you get a great property manager who gets good tenants and is hands on, it certainly could work out.But, they could also easily take advantage because they know you are out of state.  

We have had other candidates who say they are self employed but our process requires tax returns - although we have had a couple who could produce the appropriate pages, most of them go on to admit they don't report it and thus are unable to verify the income.

I don't know the room number, @Elton Seton, but you'll be able to spot it easily.  

Appraisals on commercial property cost between $2,500 and $3,000 so I do not want to spend that kind of money if the appraiser is going to check my tax return and see a huge list of expenses and vacancies because of the construction.Any help would be greatly appreciated.Ramsey

Regardless of which route I take (SFH or Multi), I plan to base my numbers off of the returns I would need to sustain a buy and hold investment.  

Generally speaking, further developing a SFR into a 4 unit is absolutely a viable strategy and can have great returns, if gone about correctly.

(Not by using Google maps because they can easily be outdated pictures) There should be some.

(Not by using Google maps because they can easily be outdated pictures) There should be some.

(Not by using Google maps because they can easily be outdated pictures) There should be some.

If you're in a lower class area, a brand new custom kitchen isn't necessary and you won't likely get a good return on your investment.