The basement is fully finished with a separate entrance, and according to the agent, can legally be converted with the installation of larger egress windows in the basement.

For example, the tenant removing the smoke detectors or installing non-opening bars across the window.

@Tracy Graham  another option could be add a double sliding barn door/ french doors, or something to that affect.

I did not do any improvements to the property other than paint and window furnishings.

@Joey ChrismanSome areas require a permit to paint a house or to even replace a storm window or door.Usually a home owner can pull the permits.My county in Illinois will not allow a home owner to modify a septic system al all.

We've had folks come in saying that the "owners" said they were out of town, and if they wanted to look at the house, just come by and peek in the windows.

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

Examples include replacing flooring, painting, updating doors and windows, etc.

Rehab planned time was 6 months. 2 weeks before the project was due we were missing 24 windows, 11 doors, 3 gates, 3 kitchens, HVAC installation, electrical, paint and ... the contractor!

I am looking down the throat of a $21M syndication build, with a 2 year window to get to HUD, this could get very lean.