Also there's a bunch of podcasts by Rod Khleif, Michael Blank, Jake&Gino that you should listen to.In my case, as a former tax accountant, I always look at the tax side of things.

It might be able to be done without even losing a bedroom, but even if it goes from 4 bed 2 bath to a unit with 2/1 and a 1/1 unit, the rental income (or sale price) should be higher than a 4/2 SFR in the area.That said I'm not sure if there's something I may be overlooking.It already has 2 exterior doors positioned nicely with separate porches and room to have cars parked on different sides of the house (it's on a street corner).I looked up the zoning regs for how the plot is classified and it is allowed by right (don't need to apply special allowances or rezoning) to have multi-family housing on the plot.The rehab would already have it gutted enough that the changes to plumbing and electrical would be easier.I don't have any idea how hard it is to get separate metering for water/gas/electric. 

Remember, even though you might have $0 cash flow (or negative) you need to remember that you are actually getting the cash flow for your side too.

Moved about a month before the weather was going to get hot again ;). 

My favorite expression in cooking:  first you get the pan hot, then you put the meat in. 

I have a duplex that has two kitchens in each side in soups Ogden under contract.

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

My last attempt was no exception, seller wanted 5 day inspection on what was billed as primo condition 20 year old property, he blessed me with a 6.5% cap rate and "misstated"Expenses, followed me around during inspections telling me over and over how the neighbor next door is ready to purchase if i dont, never mind the failing brick siding, lack of house wrap, broken, non working windows, rotten decks,etc,etc.BUY IT NOW ask questions later cause there are 10 people behind you who will be happy with making zero for 3 years!

This is a confusing and hotly debated area of rentals!

The area has had steady population growth and one side of town in particular is really booming.