That's a separate calculation.Second, take your initial cost of the property and calculate your potential future equity growth. 

Now I've learned there is good potential for converting it to a triplex.

So, they are offering you an opportunity.The #1 question is what's the real value & potential of their properties? 

There are very few lenders that provide these specialized loans, limiting your choices and potentially adding extra complications to the loan application process.7.

Due to its potential to affect your capacity to obtain financing for properties, credit score is a significant consideration in real estate investment.

You can use this tool to figure out that part: https://docs.google.com/document/d/100dRzu-iQEIZbR1adxIASdH2...Once you have that you should engage a local broker to discuss the options for those types of uses in your market and they will be able to help you understand the overall picture and cap rates of the various options.

The demographics of your guests and the size of your property (larger property = more guests = potential for more tears/wears) also play a role as well.

Given the state of the market, keep the following considerations in mind:Buying a Primary Residence:Pros: Building Equity, Stability, Potential for AppreciationCons: Upfront Costs, Responsibility, Market UncertaintyRenting a Primary Residence:Pros: Flexibility, Maintenance Responsibilities, Fixed Monthly CostsCons: No Equity Buildup, Limited Control, Rent IncreasesUltimately, your particular situation, financial objectives, and personal tastes will determine whether you should buy or rent.

Opportunities for flipping houses are more favorable in most areas of Cleveland, particularly on the west and south sides with some potential on some parts of the east side as well.

Demand is super high in this area, partially due to low inventory which has turned many potential buyers into renters until they can find something (like my tenant I just mentioned who is planning to purchase but renting from us while he shops).