In the end, a majority of inspectors would likely appreciate the fact that you will end up improving the condition and make it safer; especially if you are not trying to use the space as additional utility space or living space; just as long as the Zoning Reviewer doesn't pick your project to become an issue, or just as long as you are not hiding an illegal unit which an inspector notices once on site...One final note;In regards to deconverting your property to a single-family residence in the future; with the Zoning TSL Expansion, many Zoning designations are restricted from deconverting properties away from an existing Multi-Unit condition.

You can pick who you want to live with.

What I have picked up so far however is that there are TONS of ways to make money in real estate.

It works like this: pick one of their turnkey-ish houses from their list, or bring your own, get financed for a 50k house with 10k down, pay interest only @ 10% for two(or3) years with 5% accrued interest tacked on to the balloon payment after 5 years with possible 2 year extension.

I'll share what I have learned in the markets I have researched.Ashford--this area has really picked up speed with STRs and there is a community in Ashford (Paradise Estates) that is investor friendly has several STRs.

Therefore, comps (comparable sales) should be researched with that in mind.Basically, as an appraiser, I am not limited to any specific rules or regulations when it comes to picking my comps, deriving my value opinion, etc, as long as my method/s or reasonable, credible, and supportable.

You will end up paying more for materials actually by the time the GC charges you for pick-up, delivery, unloading, storing, etc.

If there are interior stairs carpet them. you could add soft close hinges and carpet bedroom. 

Most people that will chime in to pick one area over another either are personally, emotionally, or finiancially tied to one of the two markets. 

We living in Rhode Island and the market has slim pickings, there are currently 8 multi families for sale in the whole state.