It involves renting out extra rooms, adding an ADU, converting unfinished spaces, or splitting the home into a duplex.

If you had an extra $100k specifically for investing is this the approach you would take?

Would you mind sharing the extra language that you put in your lease? 

The investment options open to you by having that extra $16k to invest that would not be open to you if you used the $16k to pay off the debt.For people looking to build wealth, but without a large amount of capital, real estate can be a means to do it, because of the amount of leverage available.  

Again, not sure if a notary is necessary or if its just an extra binding option. 

Everyone talks about the BRRRR noone talks about the extra closing costs. 

But sometimes the appraisal comes back higher so I end up with extra equity after closing.

You all giving me those links and all the extra information has far exceeded the answers I thought that I might get.

There are things you can do to save money if you need such as buying used washers and dryers or repairing a roof to delay replacement an extra couple years.

It's not worth the travel and time to travel to a market to check on a property when your upside is a few extra hundred per month.