I did fall into the trap of looking outside of Utah, and I still have one of those deals in my portfolio, but the equity position on my units here are substantially better.

I have a property I own with 2 commercial units on it (A Subway restaurant, which I own, and a dance studio).

Plan is to add two additional units to the bottom floor and remodel the upstairs unit. 

I am at a stage where I can make 2 separate units as the lot is zoned multi unit. 

Typically when it comes to housing you'll want to stick to 3-story garden style without elevators and 18-24 units per building.

The potential risk of foundation movement and settling in the neighboring unit is high and they will be looking for compensation for any issues your underpinning job causes.

Currently I own one 3-unit in Harrisburg.

The efforts that projects of this nature take are massive but the results are more than worth it.https://www.dispatch.com/story/news/2023/11/27/columbus-home-for-human-trafficking-survivors-harriets-hope-to-open/71625032007/One-of-a-kind home for human trafficking survivors to open next month in ColumbusDanae KingColumbus DispatchOn Friday, survivors of human trafficking will walk into their brand new home: a place where each fixture and detail was chosen especially for them by fellow survivors.The home is Harriet’s Hope — named for abolitionist Harriet Tubman — a 52-unit housing community that can host multiple families and was designed specifically for human trafficking survivors.The one-of-a-kind community comes out of a public-private partnership that brought together Ohio Attorney General Dave Yost; Columbus Metropolitan Housing Authority (CMHA); CVS Health and OhioRISE, the CVS/Aetna-owned Medicaid program; Beacon 360 Management and many others.The Dec. 1 opening of Harriet's Hope, a community on Columbus' West Side whose exact location isn't being shared to protect survivor's safety, was announced at the Ohio Statehouse this morning.A call to actionThe project started a few years ago as a vision of Celia Kendall, the CEO of Beacon 360 Management, a nonprofit real estate developer and management firm based in Columbus with 28 communities across Ohio.Kendall got the idea for Harriet's Hope after being unsettled by what she saw doing street outreach with women being trafficked six years ago."

The National Association of Realtors (NAR) reported a 5.9% month-over-month and 10.3% year-over-year growth in total inventory, reaching 1.07 million units.

The other option would be to purchase the property strictly as a rental unit; nowadays, lenders are willing to go with 15% down; no income verification, and perhaps the rate be favorable in the high 7% to low 8% interest rate.