I like the idea.

Hi @Collin Schwartz I have 2 main goals at this time:1) Network with like minded investors in the Metro Area to share ideas and best practices with.2) Identify key partners where I can leverage some sweat equity for equity share right now and when my own capital is freed up, a partner that I can invest with and split the work.#1 is of highest priority to me, #2 will depend solely on the relationship that is built and the deal at hand.Thanks for the reply.

David Gritz Maybe some bad timing on the question with live news coverage but I'll throw out one idea.

This is a great idea!

Have a few options for financing and like the HELOC idea.

The tenants are very laid back and I have ran these ideas of updates by them and they have no problem with it, especually considering they are paying for heat and this will deduct on their cost. 

I really like the idea of buying a property and getting some stable cash from it, that is why I am thinking a multifamily property will work great for me.

The idea would to be live in one of the units and rent out the other units in the house I purchase.

Where we are in the market right now too isn't a great spot to lend to the idea of massive appreciation on a property you buy (prices are already high).

HI I purchased a home in a multi unit (R4), high density zone.I am currently renting the house cash flow is just $50 after mortgage payment.This house has a big workshop in the back with a high rise ceiling, brand new roof, electricity and water.It sets in a half an acre lot so I am able to rent the workshop and land for $700 a month Total cash flow on this property is $750 a monthI'd like to enclosed this workshop (it has 3 brick walls already built) and make it into a livable place.I can still rent the land and keep the cash flow at about the same amount ($700).However there's no sewer  at this house just 2 septic tanks attached to the main house.Workshop will need:windowsanother walldoorscooling and heating systemBathroom etc...I can build build more units attached to the current workshop since there's so much land to play with but i have no idea of the cost.I purchased this home for $150k in 2016I owe 143Klast month I paid for an appraisal and the current value is at $185(flooring was the only improvement at the house).Question is should I refinance and bring in sewer line, build more units or live it the way it is?