I don't know if this makes it easier or more complicated, but our upper level may not have any gas services at all (husband is going to the property tomorrow to see if upper water heater is gas or electric, and whether washer/dryer in each unit are gas or electric).

In other words, if your property is zoned for single family residential at a maximum of 2 units per acre, you probably won't be able to put a mid rise apartment building on it.

I did a high level comparison where we differed in our underwriting and here are the results:1) Rents: They projected over $300/unit rental gains, whereas we projected $140.

@Kevin SobiloI'm thinking "dismissed" means tenant waited until her court date and vacated the unit right before because she was going to lose and didn't want that on her record.

Hey BiggerPockets Community, Me and my wife are new to real estate and just recently bought a legal 2 + BSMT unit in Chicago.

I am not new to real estate; however, I am going through my first new development of 29 units.

We buy as a corp.A common property in our region is the small multiplex (3-10 units), they are usually tired and miss managed with rent below market value and VTB is sometimes available. 

I'm actually supporting one of the larger investors in Gardner, MA right now bring 30 new units to market.

We were offered an off market rural 16 unit two building investment at $800,000.

Investment Info:Small multi-family (2-4 units) buy & hold investment.