My wife and I recently purchased a piece of land which was eligible to be split into 3 duplex zoned lots.

For example, if properties like the Subject property you offer on are selling for a 6 cap on average, try to lock it down at a 9 or 10 cap.In my opinion, a wise investor would be finding ways to secure an off market property at a higher than market average cap and finding the funds to take it down if the fundamentals make sense rather the wholesaling it.

To me the the fundamentals still matter vs simple financial engineering.

@Carolina Mejia, it looks like the current owner is eligible for some kind of tax break.

Those three tend to go hand-in-hand.This is the most fundamental piece that's both overlooked and underappreciated. 

You can use this webiste https://entp.hud.gov/idapp/html/condlook.cfm - this is the FHA website and lenders use this to determine eligibility before processing a loan.

@Jacob Beg It is a fundamental error to ever ask "should I or shouldn't I rent to this person", that question should NEVER exist, it's a non-starter. 

It's a fantastic way for anyone VA Eligible to save some money, and there are a couple programs here that help with the balance of the purchase price.

For context, let's cover some Cost Segregation fundamentals, and explain the interaction between Land Value and Cost Segregation:Cost Segregation is the process of (a) segregating a "building" into its component parts and (b) allocating the lump-sum acquisition cost to those components.

Basically, if they have a doctor's note stating that they require said animal due to a disability, you can't tell them no, unless:- There is reliable objective evidence that the animal poses a direct threat to the health or safety of others that cannot be reduced or eliminated by a reasonable accommodation;- There is reliable objective evidence that the animal would cause substantial physical damage to the property of others;- The presence of the assistance animal would pose an undue financial and administrative burden to the provider; or- The presence of the assistance animal would fundamentally alter the nature of the provider's services.Unfortunately, deposits or pet surcharges are not allowed for animals covered by these laws.Now, all this said, landlords in my area usually just deny or evict folks with doctor's noted pets anyway and I've never seen someone bring suit.