Coastal Cities tend to be better for appreciation but often require more $$$ money to get started. 

If this was built in the 80's and the City has no documentation that it was permitted for the conversion to a tri-plex, then this is not 'non-conforming' it is an unpermitted conversion.

That was back in the 90's and I never looked back.

All that being said, lenders still say they are doing 504's and rates are super low--sub-3% for 25-year fixed.

These kinds of folks will absolutely scorth earth your property for $1000's and think nothing of it if they are forced legally to move. 

This will bolster your confidence for the next deal and you will eventually gain the experience necessary to take bigger risks and seek better returns.I know investors from the 80's and 90's that bought investment property all cash, full asking price.

I can handle not having a tenant rather than deal with the nonsense.They moved in in April and since then I have:Paid for pool opening $700Replaced a side garage entry door $400Replaced an electrical outlet on the outdoor kitchen $150Replaced a sink sprayer $150Plumber out to fix clogged sink $160Closet shelf repaired $75They complained that the pool sand filter was bad (it's virtually new) pool guy is sick of them they don't know what they are doing with the pool.

Google Marina Bay Sands hotel there.. we stayed there last trip.. its over the top.. the infinity pool is 60 stories in the air. they have a Grand prix race there too.. 

That was back in the 1980's and getting a visa and becoming a legal immigrant was not easy.

Tenants will use them to cut, they will need to be sanded every year, possibly sooner.