The first floor of this private home offers a bright renovated kitchen with a large island centrally located between a cozy sitting room, the living room with 55" TV, a dining area, and the spacious back porch.

There have been multiple delays and price escalations from the home builder and very poor communication.

Due to their lack of urgency to get repairs done to get the home rented out.

For a home, that's going to be an easy conversion.

@Marc Shin, I echo Gino's thoughts.First the financial: assessing any improvements will come down to how those improvements affect both your cashflow and your overall value of the asset.  

This is a new home and the builders in our area need to be competitive so closing costs were covered by the seller as well. 

Purchase price: $258,000 Cash invested: $50,000 Purchased this 2 bed 2 bath, 1250 sqft home with a .75 acre lot, this was a good BRRRR property, it has the ability for an ADU/Granny Flat on the right side of the property.

Additionally, one-time events like selling a home or making a large withdrawal from a retirement account can potentially increase your MAGI and affect your Medicare premiums two years later.  

MelvinPerhaps you can BUY their property from them on WRAP Around financing basis You pay them on a WRAP AROUND Note (eg. perhaps $1.00 over their existing loan balance) of where they can LEASE the home you and also give you an option to buy SUBJECT TO their loan if or when you exercise the option.

I acquired a townhouse in 2022 on a small street of about 40 other homes.