For this property,  the sellers would also be selling their permitted renderings of the complete exterior remodel - not a tear down.

Unfortunately 2 years ago, we decided to refinance the home and make it a little bit more livable, new blinds, painting exterior/interior, gutters, flooring. 

You could easily roll it into a couple more rentals as opposed to the original one property.

Condos can make for great investments because you don't have to worry about exterior maintenance.

It is a tedious, time-consuming, ugly, and expensive masonry job that is usually done on scaffolding in inclement local weather.What you should do is prime and paint and caulk the exterior wood trim on your windows with Kilz indoor/outdoor oil primer (used to be sold as Kilz Complete) and an exterior gloss oil paint (like Rust-oleum Professional) and the most expensive and longest-lasting caulk you can buy, and then you make it an item on your quarterly inspections to look at the trim.

There are other models that could work like a cooperative or even some kind of subdivision or something like that but that also can be a headache.I am generally not opposed to the idea because I think it could help some of the issues millennials are having to break into home ownership.

It's a 2 family zone, with the illegally converted unit I got three, and the authorities and local groups both oppose granting variances.

I would be concerned about the exterior walls with 24” on center.

The owner shall maintain all means of egress at all times in a safe, operable condition and shall keep all exterior stairways, fire escapes, egress balconies and bridges free of snow and ice, provided, however, in those instances where a dwelling has an independent means of egress, not shared with other occupants, and a written letting agreement so states, the occupant is responsible for maintaining free of snow and ice, the means of egress under his or her exclusive use and control" 

Anyone in the area of cinci/nku want to talk real estate as opposed to me just posting here, as much as I love this site.