Is there a way to add a bathroom via repurpising existing space or doing an addition?

I know it is hard to find good long term rental deals here, but with some creativity and work, they still exist.

Coincidentally, I waived 15k above appraisal to seal the deal.This creates a situation where- only because the roof and the clerical error are equal - an option exists for me to “accept” the lower appraisal, skip the roof replacement and close at the appraised price (happens to be original list price).

Hi,We are about to close on a multi-family property with an existing tenant. 

Hi,We are about to close on a multi-family property with an existing tenant.

Received an e-mail this morning from my existing tenants.

Don’t know if we have a housing shortage or if this is going to hurt existing landlords with SFH and small multis.

The lot has an existing foundation.

I know I had a pre-existing relationship with these folks, however, the important underlying lesson is that forming and maintaining trustworthy relationships is extremely important.

I think you have the right approach, and you are dealing with a classic value add scenario where the existing tenants are actually a liability.