The tax value is 92k with an arv of around 115k since the next building is the exact duplex renting for 596 each side.Also, the dining room could potentialy be made into a bedroom by adding a wall thus making it 2br and 1 bath per unit.The "minumim" repairs to be able to get one unit rented at 375 or 400 again will be around 5k after the purchase of the property to replace windows/repaint and some maintenance.If I bought this unit for 40k and 5k to repair 1 unit the numbers are not great but the potential for this property is incredible.I live 50 minutes away and can do most of the repairs minus the roof and windows but am stretched thin. 

Also, upon us moving out of the duplex I estimated we could cash flow anywhere from 200-600 per month depending on if I kept a two bedroom or converted it to three.

BP,     My wife and I are going through our inspection report for a two family we have an accepted offer on and the inspector noticed that there are black soot like heat streaks staining above the baseboard heat in the bedroom and living room of rental unit. 

You could look into some creative strategies like lease options, or owner financing, but do some research on those strategies first before jumping in. 

We converted a two car garage into a nice unpermitted apartment under the main 3 bedroom condo.

In the beginning I didn't really have any money and had to be very creative so used a ton of OPM. 

It’s just a one bedroom add on

In terms of rehab cost/benefit, attracting and keeping tenants, and resale potential... are multiple bedrooms per unit in a multifamily generally more desirable than single bedroom or studio units?

The main sticking point is that I will need some sort of creative financing to get the down payment. 

And as a mental health therapist; there’s some WEIRD fetishes out there, so I’m pretty sure some men could find creative ways to use tampons too.