Our contractor mentioned that there's a possibility of adding an extra 1/2 a bathroom to the upstairs floor, turning the property into a 3br 1.5btr.When we asked our agent his thoughts, he mentioned this wouldn't increase the ARV of the property much as we're already maximizing the ARV in the area.Would love to hear from fellow investors in the area what your thoughts are here, not only from an ARV perspective but also by how much could it potentially increase the rent value.Thank you so much! 

The ground floor is occupied by a commercial restaurant, and the upper floor is designated as SRO (Single Room Occupancy) under a pre-existing non-conforming use.

A lot of cities floor me by telling me they don't allow it but then they can't tell me where to see the language of the law.

The property management company has developed a plan to meet this requirement:a) cleaning all windows troughs and sills, scraping and painting of window troughs and sillsb) scraping and painting of all previously painted floor surface that is chipping or peelingc) scraping and painting of any exterior paint that is chipping or peeling including garage decks and house d) scraping and painting of all exterior door thresholds and jams Their estimated to complete this pre-inspection repair work is $500.The certification inspection is $350City filing fee $50Property management coordination fee $50I need to know if this certification is mandatory or not, maybe Cleveland realtor and property manager on Biggerpockets could answer me and clarify my doubts.Let me know pleaseThank you very much

Evolve Vacation Rental:Evolve is known for being hands-on with STRs, providing everything from marketing to booking management, guest communications, and cleaning coordination.

Fix everything you plan to, clean it, have it professionally photographed and listed with a realtor to make sure you get fully vetted tenants and the most options.If you were a renter in today's market and walked into a new listing with a nice front photo online and it was under renovation, would you pay market value?

My tenant moved out a couple of days ago, and when I walked through the unit, I discovered that he had removed the curtain and curtain rod, detached the room air conditioner, and caused significant scratches on the hardwood floor from the metal bed frame legs.

If you can start with something that needs a light cosmetic rehab, countertops, floors, paint I would say is the way to go! 

The property is listed for $259,900 and needs new floors and updating to the kitchen and bathrooms.

The floor is far lower than you're ever going to know, and that's how you manage risk.