Part of that is adding additional cost for increase in building products. 

Or should I consider the possibility of adding in a small restaurant? 

Nothing is being added in its place, they just want "less units" which provides more open space.

Costs before that (during remodeling) are added to the basis.2.

Many of my clients are adding on to make their properties a 4/2.

Whether it’s reconfiguring layouts, adding square footage, or converting single-family homes into multi-unit rentals, the goal is to unlock value where others don’t see it.Distressed properties aren’t for everyone, but for those willing to put in the work, they offer some of the best returns in real estate. 

That would minimize and maybe eliminate the need for a loan for those properties.

Purchase price: $80,000 Cash invested: $80,000 This is a reno- adding a 1 bedroom unit to a three family home.

I love the added pro and con list!

If we can't find a solution, I think she will be OK with me adding her property under my own account, and then me paying her out monthly.