If the property is permitted to have 3 units, then you have to consider finished ceiling heights, window sizes (unsafe to have "basement" sized windows for an apartment), flooding potential, placement of the mechanicals, size and nature of the entry, whether or not there are 2 ways to exit and a number of other practical considerations and considerations dictated by the laws and codes of the area.

Is that common practice?

Curious what the best practice is here.Simple question - when should I be getting GC bids; while in contract or after closing?

Hey all, when using the BP BRRRR Calculator to analyze deals: Want to practice using this tool assuming I am using a private money lender who will get paid off after re-financing...what do I put in the purchase loan details?

Practical budgeting and accounting principles must still come into play.

.- Always evaluate multiple exit strategies (especially in the beginning) and do not buy a deal unless you have multiple, practical exit strategies where you can make money.

It costs about $50 and they have practice questions and tests on there that are absolutely amazing.

PRACTICE RUNNING THE NUMBERS: Run properties from different neighborhoods, cities, states through either BPs rental calculator or one of your own to get property details such as cap rate and cashflow.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

Is this a normal practice?