for a 4 plex 1050sqft + 240 sqft garage 2bd 2 bath two story.

I usually set myself a maximum price I am willing to pay per door, but I have gone beyond that on this one because of location and its quality units.

My clients' feedback was they thought the home was very nice and liked the garage/workshop, but they were not too keen on the area.

You should be positive cash flow $200 a month a door on a duplex so $1800 positive cash flow per month.

The FHA says that examples of such problems include but are not limited to the following: Missing handrailsCracked or damaged exit doors that are otherwise operableCracked window glassDefective paint surfaces in homes constructed post-1978 (because of lead paint hazards)Minor plumbing leaks (such as dripping faucets)Defective floor finishes or coverings (worn through the finish, badly soiled carpeting)Evidence of previous (non-active) wood-destroying insect/organism damage where there is no evidence of unrepaired structural damageRotten or worn-out counter topsDamaged plaster, sheetrock or other wall and ceiling materials in homes constructed post-1978Poor workmanshipTrip hazards (cracked or partially heaving sidewalks, poorly installed carpeting)Crawl spaces with debris and trashLack of an all-weather driveway surface=================There are many areas, however, where the FHA does require problems to be remedied in order for the sale to close.Electrical and Heating The electrical box should not have any frayed or exposed wires.All habitable rooms must have a functioning heat source (except in a few select cities with mild winters).Roofs and Attics The roofing must keep moisture out.The roofing must be expected to last for at least two more years.The appraiser must inspect the attic for evidence of possible roof problems.The roof cannot have more than three layers of roofing.If the inspection reveals the need for roof repairs and the roof already has three or more layers of roofing, the FHA requires a new roof.Water HeatersThe water heater must meet local building codes and must convey with the property.Hazards and NuisancesA number of conditions fall under this category.

Had a plumber fix a busted pipe in my garage.

@Rosemarie Farnum All things being equal I would pick 'more doors' everytime.

Purchase price: $25,000 Cash invested: $13,097 Three bedroom, one bath, detached one car garage, front porch, back patio and deck.

We are also adding a bathroom to the garage. 

You'd have investors lined up out the door to take a guaranteed 15% return.