I have seen the zoning maps online so the R2 designation should be relatively easily determined.

All the other tax-related questions can be easily handled.....the hard part will be to find $2-5 million worth of property that will provide the kind of yield you are looking for.

I'm sure they'd love to help and can easily do what I'm talking about as it's a part of any real estate transaction!

I can easily see spending $15K to furnish and trying to figure out how to factor this into the profitability picture for the investment and what’s realistic.

If they are professional, they can explain this quickly and easily.

Turnover it a HUGE PITA,  so even though you could easily rent it, it will cost time/money/stress-- the easier path is just to adjust the lease and make them in favorable terms-- and make sure everyone agrees and understands.   

Since it is on a different platform I don't want to cause a stir on BP, so PM me if you would like more info and details on where to easily find these events.

Looking for something that I can easily grant other users access to on prem things.Masterlock is one of the ones I'm looking at now http://www.masterlock.com/bluetooth

@Dave Jimenez  I bought my first house in 1975.. so probably not germane to today.. and it was very straight forward.. we put 10% down  its was a 80k house in Milpitas CA.. got a 10% second from HML and a first for 80% it was new construction. there were no auctions then.. like you see today there were foreclosures though I bought my first one in 1976.If your using a FHA loan and first time homebuyer or there abouts its tough to buy auction proeprties. because they make it tough.. that's the point.You can easily buy one off of MLS and go through the normal hoops.. but I am sure your thinking you want to buy this because its such a screaming deal . and of course everyone wants that.. those deals primarly go to cash buyers.. unfortuanatly .. 5 to 6 years ago was different now there is just so much cash chasing deals its not funny.. so just trying to be a realist that's all.Look at some google on line about Vegas.. poor families trying to buy who just had to have financing got shut out.. because of cash investors.. and let me tell you the sellers banks and other lenders in possession could give a hoot.. they just want the cash.

BP Friends, I'm looking at a duplex (that can be converted to a triplex fairly easily).