I'm considering renovating part of the basement to add another unit, effectively converting it to a 5 unit building.

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I am already starting to see more activity in the market as the interest rates drop, across my listings and also more of my buyers becoming more active, I am sure this will be a domino effect and eventually cause sales volume to increase across the market as a whole both locally and nationally, DOM to decrease, and create a temporary FOMO in the market if rates drop to quickly.

@January Johnson I'm curious; does it not have the same effect if you leave the dates open further in advance at the same high prices?

Have you ever seen this in the real world and do you think it could be effective? 

And is wholesaling still effective in this market?

I also own a small renovation company that has operated in my are for nearly a decade. so my rehab cost on a property would be much more cost effective than hiring outside contractors.

It has been in effect since early 2022, requiring licensing for STRs and max 180-day listing periods. 

Any tips on how to document the damage effectively or how to approach the adjuster?