@Brian Armstrong I like the way you lay out the actual numbers to make sure it’s a wise investment and future planning for maintenance of property. 

And why has someone mentioned another person as the "master" of creative financing, while I'm still alive as the Lord of Finance, the Prince of Equity, the Coral Wreath of Collateral, the Intuitive Integral Investment Instigator, the Money Master of the Universe and the Pinnacle of Principal ?  

We use Quick books from Intuit, works for 50+ properties in 7 companies.

However they have units that sit vacant longer. and tend to have more problems from the tenants they do have.Just like I do from my one unit that has just average fixtures, faucets, layout and paint schemes.I am happy to ereport back thank you to all the original respondents to the original thread.

Get it functional-  Planning and Site Prep - new layout for baths, laundry, master suite, etc.?

Find a draftsman who is capable of laying out the design work, get a civil engineer to handle the layout and his items, then hire at attorney to work through town approvals, etc.I can't recall what it cost last time I did this, but i'm thinking around $30k ( not including sitework ) or so for a 32 lot subdivision.

Location,layout,rent price,length of lease,amount of deposit required,pets,etc.One I would say is a quirky possible renter.3 pulling out is a TREND.

I have located a building that meets my needs but it is larger (over 8,000 sq ft) than I need for a single family residence.The current layout lends itself to be converted to a great 4-6 unit (1 of them being mine).

I took the loan to avoid penalties and taxes in the first place so incurring them now would be counter-intuitive.

There are a bunch of non-intuitive measurements that banks care about.