I have been studying real estate for the past 2 years and I have attended numerous real estate seminars and local meeting.

Make sure you are in FULL compliance with city regulations.

@Brendan Morin A lot of FSBO's get discouraged when they receive numerous phone calls from investors/agents trying to "low ball" the listing price and/or terms. 

You should be able to check with your local building dept. or permitting authority for the specific zoning regulations.

Usually, $5000 or so takes care of it.I know it's less common, sometimes rarely heard of, in communities where the soils don't shift like ours do, but Angie's List does show numerous foundation repair contractors in your area.

Several new regulations are set to hit the mortgage and property industry in the summer of 2015.

From looking at the zoning regulations, it seems like I can build multiple "dwelling units" on the property.  

The fact that it is regulate kept up-to-date keeps things great perspective.  

@Scott Nipp Interest rate spread is a great way to make money, it's what banks have been doing for 6,000 years.I don't know anything about regulations in the US.

I've seen numerous comps that have traded at 7.0% or below, but they are all larger properties (20+ units) and I don't have any smaller (less than 12 unit) comps.