For me personally, I would leave it a loft so the renter could have a playroom for kids, office space, family room, etc.

People like this Scott Carson guy give "mentor" and "guru" a bad name which is just so frustrating because they are not all bad.

You are off to a great start so far @Jed Butikofer.Welcome to the community and be ready for a huge amount of information at your finger tips.

Purchase price: $195,000 Cash invested: $54,156 Buy and hold single family home with a 4 Car Garage.

I am a Realtor and Land Developer based out of Weber County, Utah.

sent a DM

Asking in the correct forum will get a better response.Need a spreadsheet or form?

I rented a 4-bed house in Royal Oak, then got 3 roommates that I charged each 30% of the rent, so they covered most of my  rent.You can do the same if you buy a house:1) More rooms the better, if renting to fellow college students.2) Can YOU live in the basement?

@Abigail KingThe important ones have already been covered by others here but a "real estate adjacent"/financial freedom book I recommend is Retire Young, Retire Rich by Kiyosaki.

Some lines they will say have been "cut" but they put in a disclaimer on all sales that they don't know if a line might be cut.