Sorry to rebuff your favorite influencer with an office at their parents' kitchen.14-day free rent aka Augusta rule loophole.

Winter doesn't bring too much extra cost as long as the home doesn't have outdated appliances and has sufficient insulation.

There SOW would usually be - 'I want a remodel done on the kitchen and bath, and add a new bedroom on the left side of the house'...Then I would add items that only a GC would know about or notice, like needing new headers for the openings they want, the elec panel being undersized, or the roof being suspect, etc...Together we would then arrive at a comprehensive SOW.Yes, that is much better scenario.

but say in year 2 your tenant moves out and it needs new appliances and new paint. 

I came across a 2-flat with a basement that has been converted into garden unit with 3 bedrooms and kitchen and bath.

Aside from not paying any rent since July, claiming she lost her 2 jobs due to COVID19 (and the California eviction ban protecting her) she's been complaining that there's a gap in the kitchen floor where flies could fly in, and black mold in the shower.  

This helps support a strong credit profile and a favorable credit score.One downside is the possible impact on your debt-to-income ratio should you seek to replace an auto, major appliance, etc. requiring a new loan just after applying a "chunk" to your mortgage.Deposit accounts, mattresses, extra monthly principal amounts, etc. each have their own unique advantages.

My longest recent rehab was 2.25 months and added a half bathroom, took down 4 walks including load bearing, put up 3 walls, new plumbing, electrical, flooring, huge percentage of drywall, an eye brow porch, new kitchen with full layout change and new bathroom with full layout change.  

If you finish the basement with a kitchen you could have a mother in law with a walk out and a garage downstairs.

Kitchen arriving in 21 days.