However, finishing the basement for $25,000 when cash flow is already tight may not offer a sufficient return on investment (ROI) unless you’re confident it will significantly raise occupancy or rates.Pros:Potential to increase the property’s rental appeal and income.DIYing the basement could save on labor costs.Cons:Upfront costs and time investment.The additional space may not increase STR income enough to justify the expense.5.

Quote from @Erol Shashaty: Hi,We are an overseas fund that will start investing in Cleveland area residential properties. 

We are just getting going..and my only experience is with buying my current and past primary residences! 

At this point, we are three years in, and have learned that you sometimes have to have thick skin (grit) in dealing with tenants, managers, and RV site visitors; while maintaining a sense of humor and humility.

We are just looking into ALL the things before diving into purchasing an investment property and have a question for a mortgage broker or anyone who may know.

Also remember that we are getting to the slow months to lease up properties and it may take a while.

(Still awaiting Seller to confirm report it’s been done as she agreed to the inspectors recommendation but has mentioned she’s not replacing it) In additional to the foundation has shifted and need reconstructed due to a lot of slopping in the home (My agent said it comes with wear and tear, so they might argue that their not going to fix it so I didn’t put it on the IRSA to repair).

We are all here to help you learn and grow.

Look for brands like LifeProof, COREtec, or Shaw, with a 12–20 mil wear layer to handle heavy traffic. $2-4 per sf.Rigid Core Vinyl: This material is available in SPC (stone polymer composite) and WPC (wood polymer composite) types.

We are still many years out from this being appropriate for small deals.