Someone can make nearly 200k a year and have nothing to show for it in 5 years and someone making 100k a year can live frugally below their means and have 300k by that time with prudent investing.Living a 100k lifestyle when you make 1,000,000 a year income isn't a big deal but living a 75k lifestyle on 100k income will not get you very far.

Tell us exactly what you're trying to achieve financially, lifestyle wise, business wise, etc, etc, then it's easier for us to tell you based on our experience if investing locally or out of state makes sense. 

Adding a walk in closet to to lower bedroom that will most likely be a guest bedroom or a child's room, wont do anything for the salability or marketablity of the property.With a home of this size you want to sell life style and comfort more than anything else.

This just mitigates the risk that a renter will expose the material to too much moisture because they aren't going to be as conscious about it as a homeowner may be. 

Not having any money is usually a symptom of lifestyle.  

., The Wealth Club, Prosperity Group, Lifestyles Unlimited, Real Estate Titans, Renters Warehouse, and many more! 

My goal of getting into REI is to generate passive income to allow me to semi-retire in 10 years and live a more flexible lifestyle.

Perhaps your deepest feelings are in conflict with your more conscious preferences.

There are so many new, large lifestyle apartment complexes with pools, coffee bars, gyms, fully furnished units, etc...

Some use the Life Styles Unlimited contracts which has that included into the contract.