My third brother is willing to live in one of the units for a while since it is located in his town and close to work but our issue is the down.

First post and hopefully this site will steer us to a path of successful real estate investors.A quick few facts about this house: a large house (4+bedrooms/1.5 baths with central air: a perk in this section of neighborhood) located in a small low-middle income town outside a large city in the Northeast that is projected to provide a +cash flow for years to come. 

If the town came out to the property prior to you closing on it and granted a certificate of occupancy for transfer (if you have that there), you may be able to argue that it is now grandfathered in.

The town will say if the grass is too tall or the snow isn't shoveled and you can paint your house whatever color you want.

But swing out to some of the local groups around town.  

More bears in town now.

If you do not know where this town is, you are not ready to buy there. 

Wild town on a Saturday night!

Small towns may rely too much on a single business or market segment.

I’ve found a property that I would like to rehab in the Old Town Manassas area of Northern Virginia.