The property has a very nice detached carriage house garage with a studio apartment on top.  

I recently purchased a detached house (40*100 irregular) and I'm going to fix and flip in few month.

Obstacles in the deal: I ran into MULTIPLE obstacles in this deal. a.)

It's two detached units.

I haven't start my flipping journey yet, but I foresee finding a GC being an obstacle.

Current prospect has a detached studio apt connected to the garage.

It was a house flip and a detached garage conversion which involved city permits which was very onerous.

Buying a house just to live in is a waste of money unless you have really good reason to need a detached single family...and I say this as someone who bought a primary residence first and now wish I had used my down payment on my first investment instead!

Looking at a (FSBO) semi-detached duplex property, 4-floors, each unit has 2BR, 1BTH, WSHR/DRYR in both, all-inclusive, currently both are occupied ($1500 and $1400).I would look to buy with roughly 5% down (save and invest the remainder of cash flow for repairs and emergency fund).

Option 1: Build detached 1/1, 370 sq. ft.