Your approach to finishing the basements in order to extend the number of years a tenant stays in that unit makes perfect sense!

Quote from @Sakib Khan: Hey everyone,I’ve been toying with the idea of jumping into the world of rental property investing, and I thought this would be the perfect place to ask for advice.

Not considering it will take years of perfect rental with no vacancy or capex just to “break even” with where they are today. 

We found that by more or less falling on our sword and saying, "Hey, we want you guys happy... tell us what you need from us" they were more than helpful and once we had contractors they liked on board the process went perfectly smoothly.I don't live near you so can't help with your locale... but hopefully some of it helps!

@Michael Breisch perfect

Each has its pros and cons, but starting with House Hacking can be a great way to ease into real estate while keeping your living expenses low—perfect for someone just starting their career.Here are a few suggestions to get started:Education: Books like Set for Life by Scott Trench (sounds like you’re familiar with him!)

Finding an investor-friendly agent is key and they should be able to help you with 1-4, I'd say talking about those questions you asked would be the perfect thing to ask any potential agents you interview! 

Best of luck 👍🏻 @Justin This is almost perfect advice but you do need 3.5% down with an FHA mortgage.

I will say you do enough underwriting and something will eventually get missed (my last rehab was my first to go way over budget due to various reasons so I am not perfect).  

In this case I suggested a 10,000 gallon water tank with just one of those meters attached to it.