Im always looking for opportunities to add value (whether its a bedroom, bathroom, living space, etc.) in order to essentially create deals that other investors may have overlooked.The add-on created an additional 200 sf in which the appraiser valued at $100/sf giving me an extra $20,000 in value.

This acts an extra safety net as the bank has to vet the deal just as much as you do. 

So if you buy it at $124 sqf. and you're rehab costs you $20 per square foot then you'd be at $580,000, plus extra fees (commissions, closing costs, mortgage, etc. etc.) 

for new construction development extra.. it makes a HUGE difference I can tell you.. and I had 30 million out with them that I used to loan to flippers and I made the delta.. that was in my HML company and that was 5 different banks all same facilities.. 

It's not necessarily that you get a rent premium for having the extra bedrooms.

The loan officer said that if I pay it down using that extra $187, it'll shave about 7 years off of my homes mortgage. 

It takes some extra knowledge, planning, and timing, all of which I was able to bring to the table and get him in the unit on time. 

With the house hack and baby you may need the extra cushion in the bank.

When potential tenants try to "bribe" you with advance payments or extra rent, they're trying to hide something.

I've done quite a bit of rehab in my rentals, and now that I have some "extra time" I'm looking at trying a flip.