I've been here for a little while but have never made an introduction, and I'm still extremely new at all this anyway.

On the other hand if you decide to sell the house, I honestly would just take the broker's course for $500 and you'll save $9,000 in fees by listing it yourself.

Most are extremely irresponsible for utilities they do not have to pay for.

Honestly, it just seems like they were messing with us and trying to find something to pop us on.

I've written your questions down and honestly didn't think about a contract with property management and the possibility of being stuck with them. 

By not putting 20-25% down it is causing you to run extremely tight margins, which in turn could put you in the red when faced with a multiple unit issue.

I honestly don't know if that even makes sense I'm clueless and can't find anything on the internet talking about this specifically.

The owners (original) allowed the house to get extremely run down.

I would really appreciate some feedback and honest dialogue about what the best route might be?

It's a gamble in some ways, as I don't know if I'd be able to build what I want due to zoning.prop #2- crappy neighborhood. 1/4 acre, BUT-has a single family house, small garage, plus warehouse space that's ~2500 sq ft. zoned C. cheap. house is also a total rehab. closer to "move in ready", but honestly, the crime in the neighborhood is to the level that I don't think I'd bring my kid there now.