Also the majority of those costs to covnert to a 2nd unit will need to be capitalized and depreciated, but some things (new appliances, flooring, paint, kitchen cabinets) can be shorter year assets vs. across the full 27.5 and IF it turns out that unit is > 50% you can use bonus as well on those items.

Good job saving yourself hundreds with a single phone call!

It needs everything: all appliances, cabinets, flooring, tiling... everything.

Couple hundred bucks a door monthly cash flow, solid ROI, and yes plenty appreciation. (#1 appreciating city 2023)I personally make well over $100k/yr cash flow from 21 properties here.

the marketing must be different than a $400,000 home- What aspects of real estate do the multi million dollar buyer look for, As opposed to a couple hundred thousand dollar home? 

Much of the work that was done had to be redone, especially due to stolen wiring, cabinets, etc.

On top of your general inspection, this will be the best few hundred dollars you will spend when buying your home....

I met Kevin much later at a meet up through Subto and saw his phone notifications and how he has hundreds of people reaching out to him daily. 

You pay off the 135k loan and take back your 14k plus closing and holding costs - 20k and you are left with about 6k that is cash in your pocket.So now you are +6k, and you have a renter in there paying your mortgage and putting a couple hundred per month in your pocket and you used 0 of the 150k to do it, or I should say you left 0 in the project.You wanna create a funnel, an environment where you can get 3x - 5x of these done every year, and if you holding look for the 2 - 4s buildings. 

I'm a very conservative investor and may look through a hundred deals a month, and at the end of the year only invest in 4-5.