Other people do not care what they do with it until they own and remodel it, then run the numbers and see what its best suited for. 

NARPM among other organizations have files suit to stop the moratorium.

Purchase price: $14,000 Cash invested: $14,000 STUDIO/MOTHER IN-LAW SUITE CONVERSION.

There are properties that have mother in law suite additions that could work.

So my attorney gave me guidance to file a small claim suit to the seller.

Think Hyatt House, Residence Inn, TownePlace Suites etc.If you keep it as a hotel/motel, just realize it is valued differently than apartments.

Purchase Price = (ARV*.70) - Rehab costsPurchase Price = (125,000*.70) - 70,000 = 17,500Math is not my strong suite.

He decided my basement suite is unauthorised, as are about 98 percent in this city.. but if I wanted to keep it I had to get it authorized... this was a giant pain it the ***Improve this and that... some of which I'm glad I did like hardwired interconnected smoke and CO2 alarms, couple of fire egress windows..etc..But someone way back, probably in the 80's had rigged the electricity and bypassed the meter, and so my electric bill was half of what it should have been for years.The electrical inspector saw this and made me put a utility pole outside with meter on it.

In every neighborhood there is someone who dreams with a contemporary cool home, and it can be achieved with any budget.The house was abandoned for a couple of years, it had a fenced front yard, and a very compartmentalized layout; we opened it, added bathrooms, a suite bedroom, finished attic and basement, we painted dark and picked finishes and amenities not expected for the neighborhood.

Seems extremely tricky even with the loosening restrictions, but I do love the idea of an in-law suite above the garage.