The difference in Year 1 until it gets re-assessed is just extra gravy. 

The basement also houses all of the mechanicals usually, so you would be sleeping with the furnace and hot water heater.

Pay extra attention to due dates, late fees, pets, guests, and tenant responsibilities

Wednesdays are usually out.  

Only a select percentage of renters are looking for that size or pay a premium for extra bedrooms.

I did take an extra day between my last guests because we had to swap out a water heater and do some touch up painting.

I agree.I don't think the golf simulator will guarantee you extra income, bit the ADU would get rate extra cash.

Once you gain more experience and start doing multiple projects and get short on cash, that's where flippers usually start using financing.

if you do it right you can get your money out (and maybe a little extra), get some cash flowing for additional income and do it again.

If you're thinking about turning your garage into a bedroom with a bathroom to make some extra cash, here’s the scoop based on my 20 years of experience: You'll need to budget for design and engineering costs, which typically run between $2 to $3 per square foot of your total property area, not just the garage.