You want enough to protect you if the tenant causes a kitchen fire, flood, etc.

New bathrooms (2), new kitchen, relocated the laundry room, new floors, paint, AC unit, etc.We had a heck of a time demoing the house and redesigning the layout, but other than that this was a super easy and fast project.

Purchase price: $127,500 Cash invested: $84,500 Sale price: $262,400 Rehab of a home that consisted of new kitchen, two baths, redo plumbing/electrical, paint.

He did not give us items that we had already paid for: new HVAC, all new kitchen appliances, hot water heater.

For example,Let's say there's a 1000 sq foot house with two bedrooms - one for the tenant and one for the landlord.100 sq foot is for landlord exclusive use.100 sq foot is for tenant exclusive use.800 sq foot is common areas (kitchen, living room, dining room, etc).Is the business use 50% (100 + 400 [common area divided into 2]/1000) or 10% (100/1000)?

@Engelo RumoraThey probably can’t find anything without a white kitchen and gray walls and awful gray blue lvp flooring and are desperate to find something to update themselves.

My renters tell me that the main selling points are the full kitchen and the washer/dryer. 

This will help you steer clear of a lot of the mistakes people make when walls are opened up, mechanicals changed, kitchens redesigned, etc. 

Subject property is in Phoenix, AZ and looks to be ideal for throwing in a wall and kitchen and making it a duplex, but I’m not sure how to go about zoning it.

I’ve seen people charge extra for this in the rent.Typically when you rent by the room the kitchen is shared by all and having predetermined spots for each tenant for cabinet space is also great to do in advance.Personally still doing market research for rent by the room but I’ve read and listened to podcast that indicate what I mentioned above.