Cost of construction is high and you may be paying extra to match 2024 building codes rather than a remodel/addition.

In the Building Codes, that I know of in the Tri-State area, there's no mention of a closet required for a bedroom to be a considered a bedroom.

My only "authority" is that I understand the tax code.

Generally, when a debtor files for bankruptcy the automatic stay goes into effect, which is an injunction that enjoins pretty much every type of collection activity (look up that code section and read through the subsections).As a landlord, you even contacting the debtor-tenant with a bill or amount due or otherwise could easily be viewed as a violation of the automatic stay, which could expose you to liability (attorney fees, actual damages, punitive damages, emotional damages).

@Joe Rinellakeep in mind MA (all states) has a state specific tax code beyond the federal tax code.

Did you know that the tax code offers many incentives for real estate property owners that have a cost segregation study performed, thus allocating costs to 1245 property?

I recommend using class codes, and setting up a class code for every property you buy and/or sell.

Code Chapter 47 - Fraud And False Statements, which is a very boring read, unless it applies to you.Please don’t do that.Make sure your Proof of Funds source has the funds and that you are authorized to use those funds and the source will vouch for you in court.If you are going to buy “Turnkey” it is recommended you visit the actual neighborhood and actual house before closing.Things can be very different in person.Afterwards is too late.You may not like what you seeGo with the Math, not the emotions or hopes of the futureIf you are losing money with the hopes of making it up later, you should seriously reconsider.Wishful thinking is a poor investment.Interest rates are going upAnd interest rates are going down.And interest rates are remaining the same.There is no clear direction for rates and there are arguments for going each direction – buy so that your property cash flows, even if you are wrong.Ignoring your workers.Always serve your workers pizza on the job.It keeps them on-site so they don’t wander offThey will think you actually care and will work harderYou get to become “one of the boys” and they will tell you things you need to knowHmmm, out of space, but not out of mistakes. 

But the strategy that works best for you will also depend on your budget and if you have any preferred zip codes that you'd like to invest in.

It would depend, for example, if you hired a service to contact every owner in a particular zip code, you might get the FTC and FCC sniffing around.