I question how this could provide cash flow worth the effort.The rent per unit of $500 will get largely consumed by expenses. 

Its been a while since I've posted on Biggerpockets but I'm constantly consuming video content on YouTube.My name is Ray and I'm a Real Estate Investor in Rhode Island.

The fourplex only exists because the zoning has been grandfathered in, on paper it is R2.This is my understanding of how SB 330 would affect my project:If I raze the building, I can't build anything less than four units ("An affected city or an affected county shall not approve a housing development project that will require the demolition of occupied or vacant protected units, unless all of the following apply: (A) (i) The project will replace all existing or demolished protected units.)Additionally, because the units exist under rent control (market rate), the rents of the new buildings in the future must also be rent controlled.

Very time consuming unless you can afford to hire a bird dog or 2 to do it for you. 

So first I want to say thank you to the Biggerpockets my gosh I have consumed so much material Over YouTube and soon the forums to give me the confidence to push forward on my investing journey.

For example, the listing agent owes loyalty to the seller....if you pop up and want to buy the multi-family unit, who do you think the listing agent will "protect the interests of" most?  

This deal should have a title co/lawyer involved to make sure both parties are best protected and they will have one or a lead on one.  

FLipping is a good way to make quick cash but it can be very time consuming and risky, especially for a newbie. 

On top of this, I always structure contracts on larger jobs to protect me.

Take some time, review it, make sure there is language that protects you if you want to back out of the contract early or specifies who pays for any unnecessary damages to your property during construction.Network with like-minded investors, ask for referrals!