However; it may be difficult to get the local planning and building departments to allow them, so before investing do your due diligence.

The website was difficult to navigate, and we didn't find anything helpful. 

What is the general cap rate for the South Shore area? 

There are opportunities out there, but a mill rehab is more difficult than it looks.

pros: usually cap rates are better for car wages than similarly priced apartment buildings, especially these days. 

I wouldn't have that non refundable $5K earnest money in my offer.To me it looks like more than $180K rehabI hear you on how difficult it is to get under contract.

Even if you get a judgement, collection from someone without money is difficult and time consuming.

Hello Sean, It can be very difficult to monitor lawn care and snow removal at a duplex when the tenants are responsible for it, typically landlords provide it + water and the rental rate can reflect that.

If you 1031, isn't the cap gains issue out of the picture?

Property needs work and tenants are difficult to work with.