If you use Suite 2100 and someone looks it up on google maps and knows its clearly not a huge downtown office building, it'll throw up red flags.

I can do 5 "Subject To's" in 5 months and make $100,000 without contractors, zoning, delays, carrying costs, banks , weather delays, decisions on paint colors, decisions on tile for the upstairs spare bathroom, etc, etc, etc.

Also kudos to Jason for mentioning the zoning, many HOA and even some local ordinances are stopping us from making money on our investments so Ben sure to check.  

I think if zoning allows and the cost is not prohibitive you need to run the numbers. 

Help please...I recently looked at two duplexes - both zoned R1D.

I also want to add that both the Phoenix and Nashville markets have specific regulations/restrictions with regards to short term rentals so be careful in the area and be certain you know the zoning laws before buying.Good luck!

I plan on securing my first land to build this summer and would like to hear anyone experience on doing it whether it is a tear down and rebuild, or securing raw land and re zone it or already rezoned land and build townhouse, semis or detached..I personally would like to start small.

For those of you who have any experience successfully re-zoning land so you could subdivide, I would like to hear how you did it.

But just looking from the information that you have wrote here just off the top a big red flag is the NOI.  

Choose your battle zone, research Property Management companies in your area and check sites for postings for jobs as you did, you'll find what minimum qualification they want.. but I'd still take chance and apply they might take you as is and train...