I just finished his book.

Meghan,Congrats on almost crossing the finish line!

I finished the basement with a 2 full bathroom and rec room.

Renovated: Added granite, high end finishes and fixures, landscaping, new flooring and painting throughout.

Affordable relative to the rest of the US so great place to work remote or just enjoy a reasonable life without being hugely cost burdened Cons: A lot of older than 1980s construction (you 100% can be successful with these properties just have more to check during due diligence) Need to be mindful of market rents in the area and not overspend on renovations where there is not ROI to do so, you can’t usually exceed $2 sf on rental rates and average price per sf is 1.25-1.5 sf (neighborhood, unit type, and finish level specific).KC is not a boom and bust market, you don’t get the high highs or the low lows.

These deals are so highly leveraged that if they fail to attain their projections and cannot refinance the project, it will fail and go to zero.

If it was me...I'd check with zoning to find out how many dwelling units I could build, and I'd find what the requirements are for those units (type of house, height and setback restrictions, etc.).Then I'd find out what local builders think the cost to construct would be - just get a cost estimate per square foot for 2 or 3 different levels of finish.

I ended up spending some extra time making the finished basement legal (add insulation and egress).   

It takes time, but patience and percipience will get you to the finish line.I look forward to connecting more with the BP community.

I am completely finished my 2022 tax return (requested an extension) and am at a standstill due to my CostSeg (property placed in service 2022/cost seg done that same year).