Since house flipping has become so popular over the past few years, it's never been more critical to give your projects that extra *POP* that homebuyers will notice as they're swiping through Zillow. 

Our 275 sq ft furnished garage should rent for $1600 - $1800/mo and the only extra fees compared to long term is $99/yr to post on furnishedfinders.com. ...I should have this finished by the end of next month, so can keep you updated on whether this plan works and what we rent for. 

Seems a bit high on the exp ratio near 43% but we do pay a premium for our solid cleaning lady, she also stocks supplies, runs errands and other duties for no "extra" charge.

If you are a Dr. who is investing for extra returns and do not have a worry about Capex then invest the $300.

So she took that extra space, added a wall and a hidden door and poof!

No extra unit will ever berented in it.

I thought I was overcharged for my rehabs, especially because I didn’t have a solid process for oversight in place initially.I ended up having my property manager oversee the rehab projects, which helped but came at an extra cost—around 10% of the total rehab budget.

Also, how much time do you want to spend doing real estate vs. your main job or extra work in order to fund it.

If you don't intend to do that right away then do the 20% and save the extra cash flow.

It needs to be permitted to be qualified as an extra bed room.