Personally I would avoid giving an excuse though and letting them know the space they are renting and leave it at that.  

I really want to rent one side and use the other four studio/ office space (for myself).

They are both shop space.

As you know rent is quite low (median in Milwaukee is about 1,200 for a single family) yet you have the same infrastructure to maintain: one kitchen, one bath, one HVAC, one water heater etc - cost of replacing a water heater is the same, no matter if your rent is 700 or 1200 or 1600 (which is our typical rent for a SF).Income (rent) is a function of size: bedroom and bathroom count as well general space meaning square footage.

I'm currently evaluating different syndicators and funds that are in the single family and multi family space.

Industrial space in excellent location.  

This fan duct should be terminated to the exterior.11) CRAWL SPACE: A) There is a 5 foot diameter hole, and about 18 inches deep, in the ground under the center of the southfoundation wall.

The tenant said he's been using space heaters for the past decade.

Hear that.seems like alot of cash buyers that could easily afford it in summer of 2020.running out of inventory = increasing property valueslots of space for more though... probably even enough water near the mountains 

Hi BP Gurus / Seniors,I am new to the REI and placed an offer for my first multi-unit property.Here are the details.Area: Near by Shabbona Park, DunningNumber of Units: Legal 3Built: 1950Price: $455,000 ($450k (purchase) + $5k (Minor repairs: Nice to fix but not an immediate need))Loan Type: Conventional (20% down & 2.5% interest rate)Annual Gross Rent: $38,400 (Tenants pays Electricity + Gas)Annual Expenses (Property Tax + Insurance + City utility): $10,000Parking Space: 3 (Garage – 2 & Side Pad – 1)Other details: Exterior Brick, free laundry in basement, all units occupied and it is a turnkey property.Pros: Steps away to CTA Bus Stop; Good Elementary school (PK-8); Walkable to Shabbona Park Recreation, Restaurants and Grocery Stores; 10 mins drive to Schiller Woods; 15 mins drive to Airport & low crime to visit the property any time confidently.Cons: Below average High School & 20 mins CTA Bus to Blue Line.My Situation: I will be in Chicago area until next Summer and relocate to Texas.