I would say its tougher these days to find easy flips in the multifamily space, but if you are looking to buy/hold for rental income you can cash flow about $1000/mo (after debt service) on a $500,000 building (4-6 flat) in several areas.  

It would be no different than a home with a divided road in front, only one direction gives you access.

I have access to notes just not super versed in that area.

Ideally they're interested in a small turn key opportunity that would allow them to operate a short term rental business while also utilizing the space personally for vacation - great idea right?!

In addition, there is no access panel to allow maintenance of the plumbing, which the inspector says is required.

We also happen to be selling our primary home in August as we have a third child on the way and need more space (among other reasons).

But if you have a real business setup, and have been operating it for at least a year or two (with two years tax returns), you should be able to go to many lenders and get quality access to financing -- albeit with more paperwork than the other guy with the W2.

The style is Prairie school/Arts and Crafts, 20+ windows for each of the two apartments, which each measure 1760 ft2 with an additional  880ft2 of storage space for each apartment in the basement.

I'm not so interested in purchasing a home that requires a year or more of project work for income generation, particularly in a space that I want to feel good coming home to.

Seth Nadreau I understand that interior finishes and the breakdown of the space used can be a big differentiator (a large living room is worth less than a living room + additional bedroom or bathroom) — but are there other reasons someone shouldn’t considered price per square foot?