One of my places had a little extra room next to the kitchen so we made a dedicated coffee area with a coffeepot, a drip setup, a french press and a pod machine.

Subject to zoning could be apartments, self storage on extra land, sell lots, etc. 

That would mean the extra 5k would technically come out of my pocket, right? 

@Caleigh McDonough age old question.How long will it take you to save the extra funds vs how much the property may increase in price over that time?

**Regarding TheGuarantors**: They are a reputable company that provides rental guarantees, offering you extra protection.

The 2-3% points in extra cost are worth it if you plan on using as I described above because the use would be for a few  months at most and due to that short term use you can survive a rate adjustment up.But, if you have no plan to payoff the debt like when using for a down payment on a long term hold why pay the extra cost for flexibility and have the additional risk of the adjustable rate with the amortization looming when you can get a fixed rate second mortgage. 

Any ideas on what I could turn it into to help generate some extra profit?

I was a foster child who put myself through college on my own, and I have relied on some good friends for a place to stay as I grew up, which has motivated me to create a better life for myself.I have done a lot of research on real estate, and from my perspective, it seems as if wholesaling, which I feel my sales skills may help with, would be a good place to start to make some extra money to speed up the investing process.

Removing a wall could add value to the home in theory, but for some rental areas, having extra rooms helps.

Earning an extra 3% on $2k that you’re likely holding for less than a year.