What else could you do with that extra $150,000?

Cities usually don't care if the OWNER lives in the basement, just tenants.You could use the extra income to offset cost of finishing basement and more.

If this is a longer term hold and you don't need the extra $500 per month and you'd be fine with a $200 per month increase, go for that.

It was fully renovated when I bought it.I added value by adding income-producing rooms.What was the outcome?

Would be an extra step to bill you fees otherwise.

I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.

He's on SSDI (Social Security Disability Income) at just under $1,500 a month and he wants to do some wholesales to make some extra income.Lets say he does a deal or multiple deals and makes any assignment fee on it/them and the profit exceeds 1.5k which is higher than his disability per month.

Good luck and enjoy the extra $$$s.

A lot of money is floating around because people cashed out equity to invest, or they had extra income thanks to COVID.The only "trick" I can share is that you need to be patient.

I personally collect a security deposit and get the damage protection waiver for added protection.