It sounds like your proposed solution is solid.

I understand how to get to an ARV, account for repair costs, the hard/soft cost of financing, and so on.What advise would someone give in locking up deals?

I understand I get the capital gains exemption for the side I lived in (i.e. 1/2 of the building's appreciation), but am becoming more inclined to just miss out on that and hold on to the first one I bought. 

Moreover, I am interested in understanding the feasibility of securing financing from lenders for such a project.I am eager to hear from experienced investors in the community regarding the pros and cons of building versus buying fourplex properties.

You really have to have a clear understanding of the title before you bid on it so as not to lose money.

A lot of my clients are local investors who are split between shorter term flips and longer term equity building.If you go the 1031 route be sure to have a solid idea of a few things you want to replace the condo with.

Additionally, there is a powder room adjacent to the living room.I am keen to understand the market desirability and rental potential of such a layout.

This is solid information, thank you Tracy.

Before diving in, it's crucial to grasp the basic types of real estate investments:Residential Properties: Investing in homes where people live, ranging from single-family homes to multi-unit apartments.Commercial Real Estate: Involves properties used for business purposes, such as offices, retail spaces, and warehouses.Industrial Real Estate: Includes manufacturing buildings, storage units, and distribution centers.Land: Buying undeveloped land with the prospect of future development or resale.Step-by-Step Guide to Starting in Real Estate InvestingStep 1: Education and ResearchThe foundation of successful real estate investing lies in understanding market trends, property valuation, and the economic factors influencing real estate prices.

From my observations most of these “Gurus” only have portfolios of C/D located single family homes to show for their years of work and for the life of me I don’t understand why they capture an audience.