. - exterior "usable square footage" (think covered patio, pergolas).- extra storage space so tenants don't feel the need to squeeze their entire lives into one room (extra garage space, attic, detached shed)- room for 2 full refrigerators!

When it comes to analyzing properties, I’ve developed a specific checklist to make sure the home fits both resident needs and operational goals:Square Footage: Ideally, at least 2,000 sq. ft. to ensure enough living space for residents and staff.No Stairs or Pools: It reduces liability and keeps the home accessible for everyone (this is just my preference).Corner Lots: I love corner lots because they often provide extra parking and outdoor space—both of which are critical for families and visitors.

Nonetheless, having it as legal square footage will help your ARV and sales value dramatically vs. having an illegal unit. 

"^ Do you feel like income you make on the units is based more off of square footage or location rather than add-ons you made for you while living there? 

Interestingly, the records do include the downstairs space as part of the livable square footage.

Should i ask the downstairs tenant for the footage to have as proof to have and document for anything in the future? 

(For example, they have the square footage, lot size, or # of rooms incorrect.)10) The value of the property just simply isn't worth what you would have to pay for it.

Create rooms within existing square footage, look into ADU properties, etc. 

The amounts of square footage cover is so low the delta becomes a rounding error. 

I was told by some agent to insurance more than the purchased price, while others say that it is enough to cover only roughly $75 * square footage.