I couldn't locate the property to run rent comps based on the address, but if you're getting negative cash flow on paper, you may want to investigate things closer.

As do our single family homes.I'd check with your city or county, as well as call the waste management company that services your properties to see what is required or customary for your location.

Fantastic cash flowing building in a prime Logan Square location.

The time is going to be different for everyone, much like the percentage, location dependent.

Good location with high rent rates How did you find this deal and how did you negotiate it?

How do you approach the location of properties?

Each side would then have an ARV of 525-550, if we cant convert back then it changes the ARV drastically to only 600k.Again the property is located in a historic area which has a lot of restrictions.My question is, exactly how hard would it be to get the permits to change the property back into 2 units and also how long would this take?

I'm located walking distance to the Greenwich train station, right around the corner from Equinox.  

Well...the Dayton Dragons baseball team has the most consistent sold out games of any sporting team in North America (startling fact), Warped Wing opened a second location, and a half dozen other breweries are now open in the city...Boston Stoker coffee is totally awesome and has several new locations (this is important because it's a key indicator for the successful revitalization of many cities...beer-food-coffee is key)...there is a river front development that is reminiscent of Columbus (which was awarded best on the country), there is big inner-city revitalization...I saw a developer by the name of Simms pre-sell 24 $500k "Brownstone" townhouses in the center of downtown (unheard of in Dayton)...there are 30 renovation projects going on downtown...and they now have a full time staff on the streets to keep the city clean...the population is on the increase for the first time since 1964....I mean this is pretty superficial, but it's every bit as important as economic indicators...there is a lot more to this...There are still "war zones" in abundance in Dayton and it's the Opiate Overdose capital of the USA...but getting better rapidly...just proceed with caution if you elect to invest there...a local subject matter expert is a must!

Purchase price: $57,000 3br/1bth row home located on a court in New Castle, DE.