Though the rent amount is in line with the area, your tenant pool is more limited, and there's a lot more space to maintain and get damaged, so your returns likely won't be so great.If you find that it's difficult to rent, I thought @Corby Goade's idea of converting it to a duplex is a good one if the building and zoning will permit it; alternately, you could knock out a wall to combine a couple of bedrooms to make it a 5/3 or even a 4/3 (or use some creative marketing - it's 5BR + office/den/whatever) to help make it sound more in line with norms.Hopefully you'll find a family that will want to rent it for years and years - it'll no doubt get torn up, but we all run that risk with our properties.  

Currently have a 10 unit project in permitting in the 33914 zip code.These small scale communities are targeted to GenX & Baby Boomers as they prefer smaller quieter communities that come with professional management.Quite a shortage of 2bed/2 bath apts especially in the Cape. 

There were a few issues since utilities were off for a few years, I needed additional permit and inspection to turn on the electrical.

Either you don't fully understand the cost of properly cleaning up such a mess or are willing to take shortcuts to do it without necessary permits and government oversight....likely incorrectly and thus cause further ground contamination.Good luck

: lower your small business taxes – Stephan Fishman 5/14Every landlord's guide to finding great tenants – Janet Portman 5/14Every Landlord's legal guide 4/14Home business tax deductions: - Stephan Fishman 5/14How to buy bank-owned properties for pennies on – Jeff Adams 5/13The investment checklist – Michael Shearn 9/14 **The Landlord's financial tool kit – Michael Thomsett 4/15Tax deductions for the professional – Stephan Fishman 5/15 ***Zero risk RE: creating wealth... – Chip Cummings 9/14 ***1/2Best Wishes, Mike

Is the upside, once permitted, that great?

I've tried on my phone and can't recreate the issue.

Of course they don't do this for anybody we were top log suppliers to Menasha in the 90sThen there is the tracts that we could short plat  IE create 4 lots... again value add.. buy right off of MLS  log short plat and sells building lots.. between these activities we also did very well.. the neat thing about logging in our areas Permits are over the counter and your good to harvest in 3 days. 

In some areas, if you want to "park" a dumpster on the street, you will need a permit for that purpose from the municipality. 

Centre of Elgin recreation facility across the street from the library.