Hi- I am looking at a investment property that might be convertible into a 3-4 unit rental property, except the township requires that any additional dwelling requires 2 new parking spaces.So my question- does anyone have experience converting a large yard into a parking lot?  

@Nathan Smith I'm in the Austin area (Cedar Park) and I've invested through several of these platforms.

If I were to BUILD, I would go with a 4-plex; max rents on minimal lot size and still have parking. 

Considering the ballpark amount of income from potential tenants I feel that this would not be a sound investment to make.All in all, when considering the rent to charge tenants for doing a house hack of a SFH (or even MFH), how would I go about figuring our a ball park estimate?

I'm looking at a mobile home park that has city water and a sewage lagoon.

they must be accredited though.. there is that caveat . but that is changing with the jobs act.. but like realty shares ( Nav Athwal owner) I was his very first loan when crowdfunding was justs a twinkle in the investors eyes he has grown that to a monster company and 8 to 10% is routine for him to pay to his investors.. all auto mated and like clock work.. so that's kind of the competition when it comes to raising money and doing deals.. 10% for the risk of SFR rentals is just not that appetizing to most investors.. or they just do it themselves.

I would advise to you avoid smaller 3/2s under 1000 sq ft, AE floodzones (expensive to finance), homes with sinkhole prior investigations/repairs, homes near busy intersections and homes near large mobile home parks.

Walkable and reasonably close to parks, shops, restaurants.We'd have to do ZERO renovations, only moving and furnishing the place.

What are people's thoughts on this new development east of WPI called Gateway Park?

With the ball park, you can check out comps in the area and see what they are renting for and estimate your rent.