Depending on how you're planning on financing the property, also ensure you are protected with some contingency just incase the property is not worth what the seller is asking for in this market.

Before proceeding you should become familiar with commercial real estate.A Quad is valued the same way as single family, using the comparative market analysis approach. 

We are almost done rehabbing and ready to put on the market What made you interested in investing in this type of deal?

The property was sitting on the market for about 30 days due to the condition, seasonality (it was December), and smaller size of the property (about 1300 sqft). 

We're learning and growing for sure!

If anyone knows of a good market without restrictive zones, please let me know.

If so that can work in very specific red hot markets.. however experience has dictated to me over the decades that land can take a long time to sell .. many times has to be sold on contract to move it.. or if its cash you have to have the lowest price parcel of any similar ones on the market to move it timely for cash..

We first identify a market of opportunity.

Meaning that if tragedy happened and the unit was unusable, they'd cover market rent.

The last market valuation of this property was ~650k.