And sometimes even it can boost your ROI which is fun but decrease your NOI to a point where you're at risk of being under capitalized.The other point to consider is that when you refi you will not have access to as much buying power as if you simply sold and 1031d. 

ARV with rents to market rate would boost that number to 1.3M.

Even when running the numbers on a home where I could boost the value with a renovation, it still seems to cashflow negative, or at the very best break even.

I definitely like the idea of renting out the main and living in the smaller unit created to boost income.

@Eric Morales, I don't see any lenders waying in here.  

Not sure which has done better...leverage boosts returns in an up market.

Does the existing building need an injection of capital to complete rehab, and thus boost NOI? 

I have a lot of friends that are looking to buy in Tulum, PDC, and Playa Morales. 

Since you’re after a salary boost, that’s what you want to see numbers for.

I am taking the intital investment and profits that total roughly $534,888 and instead of allocating those funds to the development arm of my business I am shifting that to boost my multifamily portfolio.