I would just like to add once you have your game plan and your investment formula, now is the time to make sure you don't make emotional purchases.

But, this week I just had a renter who qualified and has an emotional support cat. 

It's awful, financially and emotionally. 

@Brad Baker people overpay for properties all the time because not everyone is an investor or cares. its a different ball game for each buyer and this price increase can especially happen when emotion is invovled. no biggie, plus im sure they are going to get an appraisal so maybe thatll save them or maybe it will appraise.

Well with no consideration (money) being transferred that weakens the overall effect of the contract.

I believe we're in a downturn that will last about five years followed by another rise.I would SELL SELL SELL ANYTHING AND EVERYTHING that you can't hold 10 years,i.e. primary home, rentals that are in the red, equities in the red, assets, etc.You should be able to buy everything back later for less, if it's emotional!

If I were in your shoes and getting a home that I was unattached to emotionally I would look closer to the city than the suburbs and maybe closer to Oak Ridge.

The crawlspace conversion would have to be professionally assessed to see if feasible without weakening the structure of the house.I would build the garage/ADU.

People respond to emotion over logic.

(She's claiming extreme emotional distress etc).