A double close is explained as such: a company or wholesaler gets theproperty under contract, marks up the price and incurs closing costs.

It hits the 1% mark, but is it truly a good deal for an investor?

Plans include office spaces, residences, retail shopping areas, restaurant spaces, and entertainment venues.

@Asher Carr your own square space page is a great idea - would you mind sharing the link here?

The office space is renting at about $6/sqft/yr but a search in that area reveals nothing less than $10/sqft/yr for similar units.

I doubt it allows for 2 units (it’s probably SFH.) assuming that, you can’t make it 2 legal units (adding an ADU is different, as I don’t think you’re allowed to take space from the main house for the ADU- it’s usually added sq footage.) and even if it allows for 2 legal units you may have to add a second parking spot, separate utility services (read: expensive and a PITA to install.)So the simple plan is to basically do the minimum work needed, as you describe, without permits just to separate the 2 living spaces out.

How much would I be able to mark up the rent for just replacing windows? 

I own an office building with parking spaces reserved only for tenants and their customers during business hours.

@Mark Rocha thanks Mike, didn’t consider “tenant caused” being new but this is where the venture and adventure in REI begins for me!

Next week will mark the 2nd anniversary of our buy and hold rental business.