A tenant now enjoys these enhancements at $1400/month, showcasing the property’s increased value.

This not only preserves the value of your investment but also enhances its profitability over time.Also, I'd like to emphasize the importance of understanding the local market dynamics, which will help you make informed decisions about where to buy, what to buy, and at what price.

But if you're more into those value-add deals, definitely start local!

How much does the $500k renovation add to your property value?

“Ricardo, I like the way you’re thinking—turning a 2-unit property into a 4-unit is exactly how you create value and scale quickly.

Everything we did had a value add piece to it.

It is also for that very reason that you should be wary about going in as I do feel that the Pittsburgh has gone pretty high up in it's property values. 

Our first purchases were ones that we lived in and added value while we learned.  

, it's still highly unlikely that an appraiser would have given value to this bathroom in any case, so we're not losing anything from an appraised value standpoint.Seller should be more than OK with it once you educate them on the fact that of all the offers they are evaluating, yours is the only one willing and able to execute a plan to close on-time, without delay, in spite of the flagrantly illegal and unpermitted bathroom.

Be that as it may, with this approach, you will have to provide some value for your folks even to consider this.