If you need to make it a duplex for your own comfort, then look into the HOA rules and the expense, etc.

In reply to Craig, unfortunately I would not feel comfortable buying near my school.

@Joel Owens What would you say is a sound estimate of capital needed between exp, closing, reserves, etc, to be comfortable with moving forward on a 5+ unit apartment building.

.#4 - An extra pet deposit.and many times just as a courtesy to the other tenants in the complex I will take their comfort and happiness with the situation into account

I feel most comfortable with this contract as well as most sellers.

Yes, you are correct but I'm also fighting against years of extreme laziness and the incredible comfort of my bed.

Basically, I'd have to be comfortable with the cash flow in this deal.Cash Flow could be the only benefit to an investor.

Needless to say, if higher rents are possible, the numbers get much better.I am attracted by the property as it is in a B+ area where I would be very comfortable learning, sending my wife to show an apartment etc..

If you are not comfortable with all of this I would recommend getting an agent to repreent you.

As a rehabber you often have to put yourself in the retail buyer's shoes and ask yourself "would I feel comfortable buying this house and living next to people like that.