The house layout may have scared off some other potential investors, as the former owners had run a business on the ground floor for over 30 years, and it therefore required work to convert it back to residential living space. 

My first Commercial deal, and actually my first real deal that I'm actively driving, so would love a second set of eyes on this.Office Building, single story, 4,257 SF rentable space on 1/3 acre, originally 4 units but reconfigured to 3.  

They have limited space so the land becomes more valuable.

We have commercial zoning (CMX-3) and are allowed to add another floor to the property, which would give us plenty of space to add another unit.

Get some real numbers on the the humidity levels of the basement and the living spaces above.

I am 24 and I have a real estate team to help me wholesale SFHs and wanted to get into the Multifamily space.

Otherwise it is a terrible idea that only constrains the living space.

Thanks for the swift kick to the head, I spaced that one.Generating value on income that isn't proven is a prime reason why relying on a seller's proforma without doing your own numbers rarely tells the story.

If someone else sends it to a Tax Deed auction, you get paid back plus your interest.If you want to force your Certificate to get paid back, you have to pay off all the other certificates, and send it to a public auction.

The existing half bath was lovingly referred to as the “murder bathroom”, You had to walk down a pitch black hallway, off the mechanical space, and the bathroom was elevated up about 8-10” (giving it maybe 6’-6” headroom) measured maybe 4' x 4' and the walls were made of laminate panels.