The potential risk of foundation movement and settling in the neighboring unit is high and they will be looking for compensation for any issues your underpinning job causes.

OPTION #2Try to buy a 2-4 unit in California.

The other option would be to purchase the property strictly as a rental unit; nowadays, lenders are willing to go with 15% down; no income verification, and perhaps the rate be favorable in the high 7% to low 8% interest rate.

I own a duplex, where one unit is being rented out as a long-term rental (LTR) and the other as a short-term rental (STR).

The efforts that projects of this nature take are massive but the results are more than worth it.https://www.dispatch.com/story/news/2023/11/27/columbus-home-for-human-trafficking-survivors-harriets-hope-to-open/71625032007/One-of-a-kind home for human trafficking survivors to open next month in ColumbusDanae KingColumbus DispatchOn Friday, survivors of human trafficking will walk into their brand new home: a place where each fixture and detail was chosen especially for them by fellow survivors.The home is Harriet’s Hope — named for abolitionist Harriet Tubman — a 52-unit housing community that can host multiple families and was designed specifically for human trafficking survivors.The one-of-a-kind community comes out of a public-private partnership that brought together Ohio Attorney General Dave Yost; Columbus Metropolitan Housing Authority (CMHA); CVS Health and OhioRISE, the CVS/Aetna-owned Medicaid program; Beacon 360 Management and many others.The Dec. 1 opening of Harriet's Hope, a community on Columbus' West Side whose exact location isn't being shared to protect survivor's safety, was announced at the Ohio Statehouse this morning.A call to actionThe project started a few years ago as a vision of Celia Kendall, the CEO of Beacon 360 Management, a nonprofit real estate developer and management firm based in Columbus with 28 communities across Ohio.Kendall got the idea for Harriet's Hope after being unsettled by what she saw doing street outreach with women being trafficked six years ago."

The two most common lease termination criteria is to move family into the unit extensive rehabs.  

As Accountants on BP we cannot self-promote.To help in and help in the search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

If you wanted another option and do not need the quick cash you can always build the unit rent it for a year and then sell the property.

One thing that has been consistent in all my years of real estate is that everyone only really cares about their own self-interests.

Investment Info:Large multi-family (5+ units) buy & hold investment.