Additionally, collecting the tenant’s portion of the rent (not covered by Section 8) can be difficult.3.

(The exception would be the rare deal where the property changes hand for a price far below real market value).The sub to or wrap adds a certain degree of ADDITIONAL risk of failure.  

Adding additional bathrooms (like a master ensuite) can be a game-changer.3.

Any additional advice is helpful.

Build up for your next investment.I'm not actually spending any of the investment money on myself for a car or vacation.

Additionally, properties with high monthly costs struggle to compete with fee-simple homes, affecting resale value.

I'm assuming architect fees, GC fees, Real Estate commissions, and of course interest on your loan ... but just curious as we haven't really dealt with any of those additional costs for our builds. 3) What market are you in and how is the market doing overall?

We are going to spend about 20K to bring it up to par but defiantly worth it.

Martin the property management argument isn't really an argument if you look at the bigger picture that most investors don't want to manage their properties anyways because they are spending most of the time on their main job.

Prepare for additional costs: If you’re adding units, you’ll likely need to address the water meter situation and possibly upgrade utilities.