Good morning Carl, @David Krulac is right on the money. 

That happened this morning it appears and we’ve now fixed it I believe.

Hi @Emily Gowen,It sounds like you've really put a lot of thought into this, and you're weighing all the right factors.

I'm not making a 100% emotional decision, but it is a factor.

Be sure to factor in repair costs to keep things profitable.

Closing costs are a necessary factor in any loan process and to be expected.

While the cost can vary depending on the scope, zoning, and materials, I’ve seen similar projects run anywhere from $50,000 to $150,000, depending on factors like plumbing, electrical upgrades, and structural work.If you’d like, I can connect you with a few contractors or architects in Chicago who specialize in basement conversions.

Insurance is now a big factor in the expenses of investment properties, even here in Reno, NV there are areas that have had large increases for single and multifamily properties.

What occupancy percentage and turnover cost did you factor in?

I tried using the biggerpockets rental calculator this morning and the cashflow was negative, but I may have been too conservative with the numbers.