An example would be adding a suite to an unfinished basement or adding another bedroom to an already finished suite.

(biggerpockets.com)Energy efficiencies in the building: Environmentally Friendly Tax Credits for Your Property (biggerpockets.com)Federal and state grants: Real Estate Grants (biggerpockets.com)On top of the benefits noted above, here are some added tax benefits from a cost segregation study: Added Tax Benefits of Cost Segregation (biggerpockets.com)Have you utilized a cost segregation study for any of these added benefits?

Taking on deals like this that decrease wealth, such as low return high upfront cost whole life insurance, paying 19% interest on credit card debt, paying 2% annually to have a “wealth advisor” place your money in Vanguard Index Funds, paying for a high cost mortgage because you’re credit is bad, and “debt consolidation” programs are all reasons adding up to why many people can’t achieve financial independence and remain dependent on working every day to live paycheck to paycheck.There is a chance that in a particular circumstance any of these, including the program offer you describe, can be beneficial in certain specific cases.  

My daughter started as an interior architecture major and then added communications and then got her real estate license.

I don’t have any experience doing this personally, but I’m on Long Island and this is exactly what the couple who owns the property that my girl lives in does.They bought a home, lived in the home while they renovated it, added a basement unit and rented it out.

Recommendations include moving the patio away from the house and adding a retaining wall.Other considerations:I already have a team in place locally to manage the property and handle repairsI visit the area biannuallyThere’s another couple interested in the property and supposedly making an offer.I haven’t secured preapproval for a loan yetMy credit union only services Oregon/Washington, so I can’t use them for a loanI’m unsure about the process of buying an investment property from out of state, as a first time home buyer, especially since I don’t plan to live in the property myselfWhat I’d like to know:Does this seem like a solid investment opportunity?

Maybe I want to be a real estate lawyer when I grow up.Your snarkiness has added nothing.

Adding interest rates to the mix makes penciling out deals increasingly tricky.

Added a primary bath to create a true master suite.

Added a primary bath to create a true master suite.