Quote from @Jr Miller: The lack of human interaction increases our number of showings.

It would seemingly also increase what I could get for rent, has anyone found that to not be the case?

There has been an increase in gurus selling seller financing training programs because interest rates have risen.

Rental income would be $12-14k per year, so your netting $1500-3500 the first year before lowering the interest cost over time and increased rent (rising at 8% per year).So for $0 out of pocket you get another unit, equity growth(over time), income that grows and you created a unit of housing that didn't exist before.

I normally just do new construction on these pemb, so I have never done an actual modification of an existing pemb to increase the square feet. 

are rent increases realistic?

I am an insurance broker in Colorado and can confirm that most insurance companies are increasing to minimum 8% deductibles on most condos.   

The increased depreciation deductions can offset your taxable income, including gains from the sale of the previous property.

You'll want to keep track of these because they can Increase or decrease your at-risk amount and as a result the losses you can take as a partnerYou or your CPA will need to report these on your IRS Schedule K-1s for each of the partners in LLC. ...

Its just outside of their normal scope of work and it only increases their liability.