This is usually not a good play for a beginner with limited funds.  

Usually, investors will want an equity stake for an amount that high. 

Not looking to do this full time, but more of a side and extra income thing. 

However, if you are just trying to adding extra value by creating extra bedrooms, you would still need to get an approval from the city as well.

@Theresa Harris yes but that costs an extra 10k

You can look at the relocation as an investment in the property since it will be an issue if you ever want to sell.Years ago we only provided w/d hookups, but these days we include w/d in all units, raise the rents accordingly ($25-50 per unit) and enjoy some extra cash flow.

If your agent isn't knowedgable they can over or undersell you and that will affect your costs.An umbrealla policy was reccomended to me by my agent (a family member) and in general I think it is a really good idea and usually a  pretty cheap option for risk mitigation.I don't have a specific company to reccomend but hopefully this was helpful.

She is a bit demanding but I took advice and have been trying to be extra kind and helpful.

Usually take up a large amount of land so imposes on more homes for comparable sales within the normal mileage/boundaries.

I try not to mix friends/family and business, history usually proves it doesn't work out.