I added a bedroom to my two bedroom suite due to high demand last year. 

One other possibility: the property has already been rented, and they just haven't bothered to take the ad down yet.

The entire project took around 3 months with EVERY square in minus the electrical( some added) being gutted and renewed.

If the home is 100 yrs old, I'm assuming it's a definite gut which is going to require new plumbing, electrical, heating, cosmetics.I spent about $140K reno on my multi family in the heights on NY ave and there were massive problems with it but it was a gut to 3 units & adding 2 bathrooms, 3 brand new kitchens 4 bathroom reno in total, all new flooring, sheetrock , insulation, framing, doors, electrical, plumbing, paint, parts of roof etc.

I will likely be challenged to get a 1 to 1 return on adding the AC, adding an EV charger, converting a sound studio to an office, and furnishings.

The information contained in this post is not to be relied upon.

We converted a old restaurant on the property to a coworking lounge, redid the pool and built out the roof to a entertainment center with fire pits, lounges, bubble chairs, barbeque, large screen TV, music, yoga mats and amazing views of the ocean and city lights.It is designed for coworking/coliving for business professionals and entrepreneurs who want to...Live where they work.

I own some large houses and I certainly don’t include photos of every single bedroom or every room.

Hey William, what about adding another partner that has experience doing larger deals? 

That number has to be large enough to justify the 1031.