The insurance company is concerned as to whether or not the building is owner occupied (homeowners policy) or completely rented (Dwelling/Fire). 

Unlike single family homes, if you increase the NOI on an apartment building, you have instantly increased the value of the building by a nearly exponential amount (exactly how much depends on the going cap rate for the area).

There are quite a few benefits to having these things in rental properties, but their ability to instantly ritz up a cheap alcove tub/shower in a small and boring bathroom is incredible.A related trick that I've heard works wonders in appraisals is to rent the nicest stainless appliances you can for the kitchen and laundry.

If your lender has not already pulled your pay stubs, banks statements, W2s and tax returns - like the "instant" pre-approvals issued by Rocket Mortgage and Quicken - it's garbage.3.

Renting out rooms is fine, there are laws that permit how many people can live under 1 dwelling but if its 1 person per room it should be fine as long as room has Windows and a closet..If you're planning to do Airbnb NYC has new requirements that will take affect soon..Also keep in mind when renting out rooms in some markets Utilities are included in rent..

(My current home in Denver was my second home purchase - also a single family dwelling).

A ton of instant equity.

@Christi Hawkins  Much like the auto industry  do we think everyone pays the exact amount for a vehicle .. do we think someone who sits there and grinds away for 8 hours might pay a little less than someone not as familiar or as good as another in grinding the salesmen the manager who gets the hand off and the close.this is why I LOVE Tesla you buy on line price is the price for all of us.. and it takes exactly 3 to 10 minutes to buy the car.. its GENIUS.. and why its such a threat to big auto... if you have not been on the Tesla site check it out see how easy it is to buy a car.. the finance part is auto matic too just put in name rank serial number and your approved almost instantly..you do need to put 2500 down on your credit card then they configure and produce your car..

Build with an additional dwelling (detached casita/studio or in law suite)3.

Hi, Planning to build an ADU (Accessory dwelling unit) in the back, On top of my garage.