I have a property with a detached garage that's partially converted that I want to convert to a living space.

Looking at buying this town for 680,000 gala  (or about $60,000)  it has 35 spaces to rent out.  

This property has a separate entrance to the downstairs unit and the space to add a kitchen.

I think you're right that the beach has more room for appreciation as they are pretty much out of space to build in STR zoned areas in PCB so what is there is what is there. 

The thought is, we would buy the building through our LLC, and his construction company would rent out that space.

The biggest plus with the J&G community is the people: I instantly grew my network with fantastic people with great experience in this space.

@Adam SharpI would let them know that they hold a contract (called a lease agreement) that says they have the right to occupy that space until the specified date.

I am looking to meet people who are interested in the real estate space to bounce ideas off one another and to get a beer or something every now and then.

I would not do all 5 at the same time since you do not know if some or all will move out and wreak havoc on cash flow.If you are going to remodel and then raise rents, you can space out the projects / tenant move out dates to suite your cash flow and rehab budget.You mentioned that the numbers work at a slightly lower offering price.

Thank you for the reply  The property is zoned commercial  It’s 1,740 sq ft and divided in to 6 rental spaces, 5 are currently rented. 4 on a year lease and one is month to month.