It's 4 ground floor commercial units (each about 500 sq ft) and the second floor is 2 studio apartments and a 2 bedroom apartment in my hometown, Springfield, IL.1.

The house is 7 bed 4 bath in the Myrtle Beach area, but the house has been split up into a triplex consisting of a 3/2 top floor and two 2/1s beneath that. 

Needed paint, new kitchen flooring and some light electrical.

Tentants have also been showering with a curtain 6 inches too short and letting the water puddle on the floor.

Roof in good shape, 80% of floors in great shape. 

Purchase price: $242,000 Cash invested: $125,000 Sale price: $492,000 Completely gutted and remodeled floor plan converting a 2bd/1 ba to a much much nicer 3bd/2bath!

Regardless, i’ve been advised to get some more first floor joists support via jackposts installation in basement to prevent any further foundation issues.

They work great.One benefit is that they make for a warmer floor in the winter. 

However, you can easily keep an eye out for either a single family home that you can create an in-law suite (whether in the basement, or converting a family room or other separate area of the house) or even a townhouse with a walkout exit that could have the bottom floor serve as an in-law suite.

But with 50K you can get a great Old brooklyn duplex for 130-160k, getting 800-900 per floor with next to no headaches.