I would consider single family homes as well but multifamily is the ultimate goal.

The light will boost the value to a tenant but it doesnt count as a bedroom legally until it has it.

But ultimately, the terms proposed can be changed at any moments notice.

Ultimately I think the main focus of the visit is to familiarize yourself with the property (since you have not seen it in person yet) and check on the rehab work and meet your contractor and PM. 

Ultimately, I realized that trying to wait for a perfect moment feels a lot like attempting to time the stock market or predict a real estate bubble.There may be advantages to waiting and seeing how the election affects market policies, but it's hard to predict when those policies will take effect or how they’ll impact the market.

Ultimately, these challenges culminated in widespread layoffs at FlipOS, which forced me into involuntary cancel contracts for properties originally earmarked for sale to them.

I didn’t realize a GC license could boost LTV/LTC.

I see (and endorse) the analytical, structure-side of what you are saying, and ultimately, like I said before, I appreciate your post.

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My tenant ultimately rehomed their cats (which had been indoor/outdoor despite my policy that all cats are strictly indoor) because they found them to be too much responsibility for their current situation which made me sad.