Ensure all additions meet local building codes and have proper permits.In your specific case, converting the loft into a bedroom and adding a bathroom could be a smart move, potentially increasing your home's value and appeal to larger families.

To me, this would signify a larger rate cut to encourage more spending and economic growth.

May have been an actual choice, or simply unaware that you should have, either way a court case on this would go nowhere.Use it as a learning experience for the next time around.

It is part of a larger building and I am not able to assess whether it is in some way a condo, and if so, are they up to date with any fees. 

Perhaps partner on a smaller multifamily deal (5-10 units) to prove your capabilities before tackling larger syndications.Leverage social media and content creation to build your personal brand as a multifamily expert.

You can exchange your property for a larger property and build your net worth faster through greater appreciation (because of higher starting value) and greater amortization.  

When their lease ended in August, you could have offered them to sign another one-year lease, or they could pay a higher fee for a monthly rental to offset the risk you face of a winter vacancy.When my tenants are up for renewal, I give them three choices:1.

This would let you use the tax to your advantage to purchase a larger nicer property in an area the provides higher cash flow potential.

Also, private lenders will be happy to give you funds for small rehabs and that will help you build a portfolio of rehabs so that they feel comfortable to fund larger rehabs for you in the future.We're a private lender, if you have any further questions I'll be more than happy to help you with those.Regards,Jackson

However, if you relocate or have a larger family, you may qualify.