I just want to open as much of that space up as possible after the removal of the furnace/heater and create the largest single room possible, or at the least combine the closet room and the furnace room into a finished room with a floor more comforting than the current bare concerete.

Long Island investors, how is the market?

I found an area that is very unique, an island with no cars, and the real estate is surprisingly affordable.

Hello BP community, My name is Danzell Crowell I'm from Brentwood Long Island, NY.

Long Island investors, and wholesalers let's network!

I just want to make sure this is the worst-case scenario, and that the main tenant on the lease is the one that will bear the largest risk and consequence in doing this as they are the only ones legally responsible.

https://www.har.com/content/newsroom/Houston Real Estate Highlights in June Single-family home sales rose 1.8 percent year-over-year, with 8,518 units sold, the largest one-month sales volume of all time;Days on Market (DOM) for single-family homes declined from 50 to 48 days;Total property sales reached record levels, rising 1.7 percent, with 10,115 units sold – the first time that number has broken the 10-thousand mark;Total dollar volume increased 6.6 percent to slightly more than $3 billion;The single-family home median price rose 2.6 percent to $245,000, reaching an all-time high;The single-family home average price increased 4.3 percent to a record high of $316,463;Single-family homes months of inventory was at a 4.1-months supply, the highest level since last August and equal to the national inventory level;Townhome/condominium sales rose 4.9 percent, with the average price down 1.7 percent to $211,050 and the median price down 4.1 percent to $163,000;Leases of single-family homes climbed 4.7 percent with the average rent up 3.9 percent to $1,877;Volume of townhome/condominium leases fell 4.2 percent with the average rent up 6.7 percent to $1,662.

Yea it seems to have the potential for some really solid returns, and seeing what's happened in the NYC areas (Williamsburg, Bushwick, Staten Island, Jersey City) for the past 10 years if it's done right it booms.But thanks for the advice, it definitely isn't a rule that artsifying a district is going to work. 

All units are 3 bed 1 bath and the largest apartment is 2600 SF so I wanted to see if maybe I could split that unit into 2 units.

It is a fairly reliable rental market, though, since we have the largest Army base in the world there.