New Rental Opportunity - Help me analyze this deal - Ohio

[Daniel Miller]

I have some rentals with a couple partners but want to get some on my own also.  I have flipped three houses in the past two years and now want some more passive income.  This 3 unit property consists of a small church turned into a duplex and a small pastor house in the rear of the property.  Let me know what you think about this deal.

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*This link comes directly from our calculators, based on information input by the member who posted.

[Steven Foster Wilson]

Originally posted by @Daniel Miller:

I have some rentals with a couple partners but want to get some on my own also.  I have flipped three houses in the past two years and now want some more passive income.  This 3 unit property consists of a small church turned into a duplex and a small pastor house in the rear of the property.  Let me know what you think about this deal.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

 Seems to be legit. One thing is zoning, is it zoned as a 3 unit? Or is it zoned as a non-profit building type. This is a big deal when it comes to financing. I have a 3 unit in Columbus OH that was zoned as a 2 unit. It took me 6 months and $20k extra to finally refinance it. Something to consider.