Initially, I planned to finish the attic, add a bathroom and bedroom, and create a first-floor master suite, turning it into a 3/2.

Focus on mastering the basics and building your network—the path will start to become clear from there.

He holds the master lease to the property and it is his primary residence, with my permission he rents the second bedroom on AirBnb, all I had to do was sign a waiver for him to be able to obtain a STR permit.

Mastering the boring every day will set you apart from your competition.Where do you want improvement in your life?

It is now a 2br 2ba, has a Master Suite, open Floorplan and is gorgeous throughout.

He put about $40k in rehab and ended up renting monthly for $1500 master and $1000 each bedroom.

Having money made thus paying for remodeling aspects is much better if I'm going to Hack this home for a labor deal with by master carpenter with 5 years left in his work career, and I can't get full market rent.  

Key management is simple....all of your properties should be keyed to a master key system. 

The true key to success in real estate investing is mastering the markets you know best.

One bedroom (the master) and the upstairs bathroom, have no heat whatsoever though so space heaters have been used for them in the past.