Bought it for 28k rehab it for 40k and is rented for $900.00 to one of the best tenant I have.

I would be leery of going this route unless you are very confident of your numbers.good luck 

Very hard to find the right deal. 

We are eager to assist and provide the best possible solutions for your needs.Looking forward to connecting with you!

Getting 4 units for very little down was a great way to build my portfolio.

Very interested in the Alpharetta/ Milton area so please let me know if you have any investment opportunities in that area.

While they do have low rates they don't have the best review history that we have seen.

It's not that big of a problem if the zoning allows for 3 units on a property of that size, however in most cases like this the conversion would have been done illegally or at the very least is no longer a conforming use.The shared water meter is pretty typical for multifamily here in Tampa.

I imagine this situation works best when buying from another investor who is looking to offload their properties but still have monthly income coming in.

Best, Mike