Legally, it is zoned as two units, that is it.

Red flag.

Significant differences are obtaining entitlements (zoning if required), financing, and reserves for the lease up period. 

Been listening to a lot of podcasts and reading books, learning as much as i can, but i figured i need to really step out of my confort-zone and start doing something now!

At the best of times it was an incredible amount of work with moderate pay and at the worst of times, it was an unbelievably hard business to keep afloat.So I have a chance right now to change my life and I am hoping the amazing people of r/realestateinvesting can help me.My incorporation owns the large building, it has multiple zones, they are:Residential for the apartment upstairs, which gets me 1100$ a month.Commercial for the gallery/ shop down stairs.Industrial for the factory area in the back.Its a big building!

At the best of times it was an incredible amount of work with moderate pay and at the worst of times, it was an unbelievably hard business to keep afloat.So I have a chance right now to change my life and I am hoping the amazing people of r/realestateinvesting can help me.My incorporation owns the large building, it has multiple zones, they are:Residential for the apartment upstairs, which gets me 1100$ a month.Commercial for the gallery/ shop down stairs.Industrial for the factory area in the back.Its a big building!

@Christopher Buford Example: -You get an owner disbursement sent you leaving a $300 reserve balance in your account for maintenance -A repair is needed and it costs $350... your account balance now in the Red by $50 (-$50... meaning your PM forwarded you their $ to complete your repair)-Your tenant does not make the next rent payment so the $50 delinquency remains, which would be remedied if the rent had been paid but hasn’t -Your PM would be in the hole by $50 until you satisfied the debt Your PM is telling you that they don’t want to withhold maintenance if the amount exceeds your reserve so their asking you to increase the reserve because they are expecting missed rents due to the pandemic.Hope this helps.

If they are raising red flags about your debt to income ratio, I’d make sure I was confident I had enough reserves to weather a storm.

For example, often fire damage is water damage--they put the red stuff out with wet stuff.

I am in the process of having my architect work on a zoning permit for the rowhome that I’m rehabbing.