re: Information for my fellow Real Estate Investors

Still looking for our first one, might have found a potential gem today. Found a property that was listed as a single family 2br house. Went look at it today and in addition to the 2br house (brick exterior), there's a 2br apartment behind the house (half brick/half wood siding). And these two structures take up about half of the property leaving plenty of room to add another 2br unit in the future. Decent part of town, high visibility area. The main house needs some tlc, not in terrible shape but needs cleaning a fresh coat of paint. The apartment needs a good $20k of work to get it livable. We could be all in for <$90k and get $1200-$1500/month combined rent.

One thing that we noted was that some of the old wooden windows don't open. Is this required per code? how would I find this out? And would all need to be operable or just bedroom ones?

Will make some calls to local officials tomorrow to talk about what would be required to renovate and to build a new unit then will pay another visit during the day to get put a more detailed renovation estimate together. Fingers crossed!!