Add to that when you put <20% down, you're going to have PMI on top of the regular mortgage payments.

Vacancy is often around 5%, particularly in high-demand markets, though this can vary by location.

This is probably something you should just add to the rent for your next tenant.  

", "I'm very interested in this deal

If you just called someone up and asked how you could help them, you would be ten steps ahead of Bobby, who is stammering through the first line of a script from 1974 about a cash offer when the homeowner bought the house for 51k in 1978 and it's worth 804k (aka does not need cash, he needs a place to go).Agree 💯!

In general, if there's nothing in zoning or the deed restrictions prohibiting the division of the property, it's mostly just getting it resurveyed and presenting the new subdivisions to the local government (county usually) to have each lot recorded as separate parcels.

The lower in Class you go, the higher the risk!

This could potentially drive up the price on the subject property. 

As mentioned in the initial post, I am still new to all this so any insights help!

This is a risk item.