Upping the budget for a proper property is not an issue.

But it's not just that, many view it as a FT job. before you call BS I warn I was a volunteer transition coordinator, I actually lived in that world, I have sat at SS hearings, I have repeatedly watched the scheming and strategy of how to "get yours".....

You'll be able to learn the ropes of managing a property and coordinating repairs/renovations.  

Big expense will be if you have proper ceiling clearance or not.

Diversification can be helpful but only if you build the proper teams in each place. 

(However, the software is geared towards smaller companies)(There are specialized softwares that larger companies use).Quickbooks can handle the accounting for a small business who does flips.In my opinion, you likely need to take a class on QuickBooks to properly and efficiently use the software.There are likely some schools nearby that will teach you quickbooks.The alternative is to out-source it to someone who is focused on the real estate accounting space.Best of luck.

Ensure all additions meet local building codes and have proper permits.In your specific case, converting the loft into a bedroom and adding a bathroom could be a smart move, potentially increasing your home's value and appeal to larger families.

The idea is to find motivated sellers and help them through the selling process either off-market (wholesaling/investor purchase) or on-market (hands-on coordination, cosmetic prep, referral to real estate agent).

Screen properly.

Brian I tried to connect but not sure my request went through properly on BP.