In the back yard shaded area near that back door is another area perfect for a chair, a table, a small outdoor rug and a glass of wine next to an apple or some grapes on the table.

  :)   There's so many Gurus pitching this and that without mentioning the risks to them and to the buyers.So glad to hear re your business model being fair to the buyer.   

Yesterday I found out that my old neighbor who moved away to take care of her father, inherited the house next door upon his death. 

Congrats on the family and the decision to relocate. 

They could self manage for several years, using the rental income, until the next phase of their retirement.If they have a decent amount of financial discipline, they may want to get a HELOC now before they build to get the most favorable rate.

Is the closet on an exterior wall where it's cooler than the rest of the house?

For example in Reno, NV there are many homes with walkout basement areas that can be made into separate studio apartments that will get more rent than just the room in the house.

Find others who are doing what you want to do in the particular niche you want to invest in.

I am a newbie in BP, just started listening all the podcasts, fascinated by the community!

I can just say I only paint the wall with my friend and paint the floor and paint kitchen cabinate.