Also, as an NCO with significant experience, you're an instant value-add.Ultimately, it's an intensely personal question that only you can answer.

I’m trying to understand how this can be considered a good investment, and not a speculation on continued price appreciation.That “120K instant equity” is a bird on the fence, yet to materialize.

The borough may have provisions for an accessory dwelling unit which would allow an owner-occupant to lease part of the building. 

This creates instant equity, forced appreciation and better cash flow and is one of the non-passive parts of REI.Cyclical and linear markets can provide different benefits of appreciation and cash flow.  

Hi Bruce,  have you looked into whether the the non-conforming unit can become conforming as an 'accessory dwelling unit'?  

“You can even finance an accessory dwelling unit, as long as this would be in compliance with local zoning rules,” Marrocco says.

Sidewalks should have no weeds or grass growing in any cracks.HOUSEKEEPING INSPECTIONSWhen the Landlord or agent visits the unit or conducts a maintenance inspection, the Landlord will schedule a follow-up housekeeping inspection if there are concerns that these minimum standards are not being met.Landlord will advise Tenant of the specific correction(s) required to establish compliance, and also advise the date that the dwelling will be re-inspected for corrections.

LLCs filed online in TN are instantly approved.

I watched a couple videos on how to remove that without instantly getting cancer, and I was done! 

. - Size mattersPersonally I have had the most success with smaller footprint dwellings that offered larger amenities.