Hi Baskar,COC seems pretty low, but it depends on how you are looking to execute this.

Thank you Samantha, sage advice,, it seems the Hillsbourough approval process is quite different then in NJ , much much more convoluted.Quote from @Samantha Atkinson: Managing 16 units on 3 acres sounds like a big deal.

What I see is the bulk of the posts seem to be just be people just looking to sell something. 

Do you think these revised figures seem fair or accurate?

Based on what you've said, it seems to me that there are really only two solutions available:See if he can get the city/county to give an exception on allowing him to continue to be grandfathered in to the old building requirements and then getting the boundary line adjusted.     

This sounds like a huge win as a landlord but how do you transition the units to this without seeming like you're trying to pull one over on the tenants?

Seems like a totally different beast, but clearly many people are having success at it. 

You seem to have scaled up pretty quickly.

I was a little confused on the way you worded your question because it seemed like you were asking how to calculate cashflow if you didn't live in your home and fully rented out your house. 

We saw a lot of cash flowing properties in St Louis, but it seemed that the neighbourhoods were very much hit and miss - and we decided then and there, if we have not visited the place at least once, we will not invest there.