Nice house, but it sits on a corner lot and lacks an ideal backyard.

I'm working with the City of Kansas City on determining the highest and best use, which will hopefully lead to building 1-3 new multi-family structures (ideally duplex, triplex, or quadplex).

Ideally- would love to be in C+ or better, cash flow is not a priority but also don’t want to be negative.  

Ideally, I'd put more towards my principle faster if I have the cash.- Once I get 20% equity in the property, use another FHA loan to buy and live in another multi-family property then rent out both sides of my first duplex leading that to positive cash flow.- Repeat..Am I on the right track? 

I am both an investor and realtor so ideally, your best bet is to find someone like me in the Cleveland market.

The owner is here on Bigger Pockets, although 5 days before tax day is not the ideal time to reach out to a tax professional.

@Nicholas L.An ideal situation for me would be to househack a triplex but I’m not finding anything like that at the moment so I figured I could at least start to build some equity and cashflow with the condos in the meantime.

If I deal with the listing agent directly, they'll get 2x the commission, so even if my offer is below asking, they'll be on my side to get it accepted.

I understand these numbers can vary depending on financing, market conditions, and other factors, so I’d appreciate any insights based on different scenarios:All-Cash Deal: If this were an all-cash transaction, what multiples or IRR would you consider acceptable or ideal?

The property's location is ideal for short term rental (Orlando area theme parks and convention centers.)How did you find this deal and how did you negotiate it?