The 2nd home is listed at $680,000 (wed lay up to $620,000) a large 3 bed with 2 ‘bonus’ rooms downstairs of which one is currently a ‘4th’ bedroom.

Networking is an easy-to-access bonus, both inside and outside of Real Estate with a lot of folks that truly just want to help each other grow.From a local level, we are conveniently positioned between the arguably two most important spots (per the Iowa natives): Ames and Iowa City. 

Bedroom above garage would make excellent office space, which has cute bonus space designed as children's playhouse.

From 410K it is the statement and copy of transform.

This award rarely goes to Landlords so bonus stars for you! 

They tear them down & build homes that literally fill the max allowable lot footprint so I can't wait to see the monstrosity they build on it.Case in point one block away...another one going upthat's the sand box we play in  transformation real estate.. 

Since her home was flooded due to an interal plumbing issue and the insurance company is paying to remodel the existing old (1920s) and dilapidated structure (could tell by looking at some of the 2x4 studs revealed in the partial internal demolition), I decided to find out if my mother can use the money should would receive from the insurance company in the form of a check, put that towards the remodel, and in addition secure a construction-to-permanent loan in order to fund the complete transformation of her 1 bed 1 bath 1,200 sqft home into a 2-story duplex that she can rent out, airbnb, etc.

If square footage is important Measure "  IE onus on the buyer to measure .. and many times we get that bonus were it was advertised as 1800 sq feet and its really 2100.... this is quite common in the foreclosure business.

I'd recommend offering a move in bonus and try to sign 16-18 month leases so that you don't run into this issue again.

I was thinking I would pay an hourly rate at a handyman rate ($10-15/hr which is normal in my location), but give them a bonus on each completed rehab.