The third bedroom should be a regular room if space allows.

I think @Bruce Woodruff has a point about potentially hiring an inspector with a construction background to check the repair work.

Many of us regularly see aggressively modeled exit caps...and the +10 basis points per year rule of thumb is arbitrary. 

- Problem with compass is I believe they're too much investing into tech while it doesn't necessarily translate to bigger productivity and sales- The EXP model is actually significant changes where it tries to democratize the revenue by sharing it among team and leads- I would like to say the Exp is offering new business model in RE agency, while other agency is more like traditional where individualism performance is the key ; Same concept in used car you have regular used car dealership and you have car max which offer no haggle price.

I will definitely check out what you have to say. 

Check the laws.

You'll use all of the regular professionals you normally would. 

If you're seeking a reliable income stream, consider checking out Cleveland.

Jobs to consider include being a loan officer, a property checker/appraiser, an assistant to a property manager, a real estate agent, and a person who checks investments/underwriter.

@Forrest Brown,  I'm never a fan of telling anyone that writing a check for taxes is the best idea, but it does depend on your goals and your potential tax liability upon sale.