Even if one thinks market values will continue to increase over the next few years (I have my doubts), I would not invest in finishing a basement. 

Because based on what I see for current condition fair market value appraisal I’m kinda wanting too use that as a confidence booster for what I’ve come up with for ARV. 

Allow a pets and I think you will have a great spot.Would adding that extra space/ spending that money be reflected in an appropriate increase in the property value too?

@Margaret Buoncora I have never done it but renting individual rooms could be an option if competition is increasing in your market. 

.: Hello, I have been seeing increasing opportunities recently to bid on non performing notes on commercial properties that banks are trying to offload.These notes usually have the following characteristics:The note has reached maturity several months ago.

You want to rule out needing a variance unless this is a large property and the change would significantly increase the value of the property and/or rental income.

If not feasible, consider increasing rent, reducing purchase price, incorporating future benefits, or targeting multifamily properties.

My thesis was that this would lead to increased investment in the surrounding neighborhood and home values would increase.

I will be increasing my savings amount to reflect as well.

Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually when rents are increasing or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.