Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

This was the ideal value add situation, where I didn't have to change much on the layout.. mostly just design.

I use a very non scientific $20 per foot for furnishing which includes a designer. 

I'd then be paying my heloc off at 1.75% simple interest rather than the original mortgage loan with 4% compounded interest.

I actually ended up working with a DFY arbitrage program that finds the right property, negotiates the least terms with the landlord, and even has an interior design department to set up your listing.

You can usually get the zoning destination with the property listing, then look that designation up in the town's zoning code to see which uses are allowed there.Basement habitation - There is a concern that limited egress, fire and CO are major risks to bedrooms and habitation in general of basements.

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There can be a lot of details to this, and one can easily get lost in the details but pull-back and keep vision of the fundamentals as it really is rather simple. 

Keep it simple, and don't chase the shiny object.