You are already short $50 per month, so no roof, appliances, hot water heater, hvac, bath and kitchen remodel.

The best thing to keep an eye out for are tools that give your tenants additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to build credit; this can create an added incentive for making sure they pay that rent on time).

Roof, HVAC, Kitchen were all updated as of 2018.

Be wary of novices and first timers. 

That being said, there are TONS of single family houses with basements that have been finished and have their own kitchen.

Roof, HVAC, Kitchen were all updated as of 2018.

Go read how OOS investing works for other first timers, it doesn’t.

Seems like that might be a bit challenging seeing as the house was built on concrete slab (so, my extremely limited understanding is that it might be a much more costly endeavor to build out an additional kitchen/bathroom because of plumbing issues, for example?)

Is she a first timer home buyer?

So for the rehab, the plan is to replace all of the major components of the home: New HVAC unit (with additional duct work), new roof, new pool equipment, and an expansion of the driveway.Smaller items will be to redo all of the bathrooms, frame up walls to split the home in 2, and a new kitchen in the studio.Final Thoughts:    I hope everyone enjoyed this original post.