Remodel house more or wait to buy another house?

[Wendy S.]

Hi guys, So I purchased a retail split level. Spent abt $33,000 to make it a decent 4/3 which I househack with 2 roommates which essentially covers my mortgage and utilities. Now, I'm considering putting in another $33K to convert double garage into 2 bed 1 bath with common living area. Reason being, I have a part time income, and am told I won't qualify for another mortgage. Remodel would cash flow an additional $1,000 monthly ($500 already deducted for maintenance, vacancy etc). Plan then would be to refinance and tap into equity maybe a yr later when I can qualify. So I am likening it to buying a $30K house and cash flowing $1,000 or is there a better use for my money? Yes I am aware that I would be putting an additional $60K plus in 1 house that would appreciate for purchase price and maybe what I put in. I don't qualify to rent another property either which I could househack as income is below the 3 or 4 times requirements. Open to suggestions on what else to do until I am 'qualifiable'. Thx