While there's already a stable tenant in there now I know that can change quickly so definitely puting some weight on that point.

A good PM is worth their weight in gold, but with a good team it is easier than you think to Self manage.

Your purchase price will be high but you can be damn sure that rehab will be worth its weight in gold (both figuratively and literally).

Most of the people who hire us either have multiple units or if its just a single unit or house they work full time and do not have the time nor inclination to track all of the details needed such as making sure the unit is properly cleaned between guests, managing stocking of supplies, changing remote batteries, keeping sheets and towels fresh and most important of all being available on a moments notice if there is a problem.The platforms like AirBnB weight the guest reviews very heavily in how your property is ranked so positive guest reviews are directly correlated with the amount of money the unit earns each month.But having said all that I would recommend managing yourself if you have the time and energy - it can actually be a lot of fun!

While they are certainly strict, management is worth their weight in gold in navigating that.

In appraisal their is 3 weighted standards for appraisal, one of which is comparable solds which in residential is heavily selected and often the singular weight.

I'll pass....Great PM's are worth their weight in gold and worth it to some people.... others are worthless and will rob you blind, hire crap workers and nickel and dime you to death. 

If the garage is not built to support the weight of additional floors or is not adequately reinforced, it may not be suitable for conversion.Insulation: Another important consideration is insulation.

Then its weight an increase and how much at one time vs the cost of turnover.

@Terence Lee Sorry for this very delayed response - yes, we use my husband's insurance, and having his W-2 income definitely carries a lot of weight when getting loans.