They want to sell this lot and dump the money into another community project and I believe their opinion will carry weight with the zoning committee.

Plan ahead for the up keep of the property .

I felt bad at first it would be hard for them until they said they wanted me to be responsible for allll the cost of our shared line after their poo filled our basement and the repairs and upkeep was on us.Now I don’t care.

I am very handy and there is very low expense to upkeep. 

@Nate MorrisIt would make sense that the deal may need to be included in a separate sale.Generally when purchasing property, you want to weight more of the value into items with lower depreciable lives.

I believe you can make your tenants responsible for any and all upkeep of the property you rent to them as long as you spell it out in the lease.

While you can find partners to take some of this weight off your shoulders, you're still going to need to put EMD down on properties (risking tons of money), your reputation on the line, your investor's confidence in you, due diligence costs (inspection, scopes, lease audits, etc...), travel costs if you're going out of state, and much more!

The multiunit inventory in these markets is so thin that I would not put much weight on the market CAP. 

What I mean by this is that lets say you screen a great elderly lady who's on section 8, great at upkeep on your place, never a bother, you get your above market rent on time, no issues from the tenant.

*The cap ex is only so low because there is no garage, fireplace, pool, washer, dryer, garbage disposal, the windows are small and single pane, only one door per unit, no real landscaping to upkeep, they are entirely brick,  and there’s a metal roof.