In all seriousness sir, your decades of experience and daily helpful insights, direction and comments to thousands of investors and ten times as many want to be investors on here has not gone unnoticed.

. #2 reason is that rentals already bypass self-employment taxes (usually) which is the primary benefit of an S Corp (reduce SE tax plus PTET possibility).There is zero harm leaving it in the S Corp just don't revoke your election.

I have 2 self directed ROTH IRA that own LTR properties.

Some things that might be a concern:1) Obviously have to make sure things are all permitted first2) I don't want the room to "feel" like an addition, so flooring has to be same level/standardized with the rest of the house3) Unlike the rest of the house that has an identically-shaped 2200sqft basement underneath, this added space will not have a basement directly underneath it -- I'm not sure if this poses major cons for some reason that I'm not aware of4) Especially given the lack of basement underneath, I have to make sure that the HVAC can still somehow be piped into this room#2 and #3 are probably my biggest concerns (#1 and #4 I can find out relatively easily)Any tips/thoughts or other experience would be greatly appreciated. 

I'm very familiar with the rental market around there having one of my properties on the same block.Is there anybody on this forum who has direct experience with "change of use" or adaptive reuse of space?   

You can learn how to join here:https://www.biggerpockets.com/blog/prop-management-lead-bund...

I'll reach out to you directly.

DSCR is a great tool to use when you are self-employed or you want to avoid using personal or business income to qualify.

This leads to frustration with the new hires and they wind up quitting.

We will self-manage from a distance.Thanks!