Also look at water delivery capacity and sewer capacity as well as potential parking issues.Checking the zoning to be sure they allow a duplex would also be a good idea.Good Luck!

Anyway I have about $135k available on my heloc. sale price on the duplex is $279,000, so 20% is about $56k. the house is perfectly livable as-is, but at $60/sqft and properties on the block selling for $140/sqft i think there is room for some forced appreciation. the building is currently a three-floor duplex townhouse, one unit is the ground floor and unit two is the top two floors. all floors are basically the same floor plan. the second floor has a kitchen/laundry stacked above the first floor kitchen/laundry. on the third floor, the room is in the same place and empty, but utilities (water gas electric) are already run and in place for adding a third kitchen/laundry, so conversion to triplex would be simple as installing cabinets and appliances and building an exterior staircase up to the second floor rear deck. the three 2bed/1bath units would rent for $1000-$1200 a month each, conservatively. we would have to find somewhere else to live for that to happen, but that is our 1-3 year goal anyway. would it be better to make the bank loan smaller with a bigger down payment from the HELOC?

My father has a 401k and is open to diversifying into real estate.Does my low income tax rate mean that the depreciation I may not be able to apply to this place is water under the bridge?

My father has a 401k and is open to diversifying into real estate.Does my low income tax rate mean that the depreciation I may not be able to apply to this place is water under the bridge?

My father has a 401k and is open to diversifying into real estate.Does my low income tax rate mean that the depreciation I may not be able to apply to this place is water under the bridge?

They see you as an RE Investor or just plain Investor. 

Unless you’ve got some system’s problem like a water heater or furnace.

If you're talking about supply piping, if and when a leak occurs, there are pipe locating technologies available that can pinpoint a water leak so that a repair is relatively easy.

Your end goal is to:1) tell the consumer what they are going to hear2) tell them3) tell them what you told themIf you are caught off guard, you won't know how to respond, and it will disrupt your flow.Be sure to check public records for open judiciary cases, outstanding taxes, outstanding water bills, etc.

I already converted out one gas heat property to electric so the only gas bill we have across over 40 properties is for cooking stoves and domestic hot water for one seven unit building.