One option is to try and rent the first floor to a larger extended family and you would rent basement and first floor as 1 unit and get somewhere in between what you could rent them seperately for and what first floor would rent for...Where I have properties there are yearly inspsections that take place as there are so many "illegal basement apartments that are rented out. 

In my area I can add a simple bedroom and extend the heating system to cover if (assuming that system is already adequately sized) for about $30k.  

I understand that Zillow's algorithms use information from areas that may over-extend the boundaries of the primary area of sale to come up with an estimated sales price.

Plus even if the place sits empty, I can swing $300.00 without any issue, even for an extended period.  

How it is financed, who pays what closing costs, whether it is extendable or not for additional $x of consideration is outlined. 

I really appreciate your willingness to extend a helping hand..

The Parable (s) to this story-   Have Cash ,Gold Or Silver  to carry one through  a possible period of extended  decline.* SFH - Single Family HomeThank you, Mitch StanleyRealtorKeller-Williams BiltmorePhoenix,AZ 

Here’s the scenario I’m thinking of…I: Buy $55,000 property for $30,000 cashPut $5,000 into rehab and closing Qualify and place a tenant buyer, execute with the tenant buyer:1. lease agreement (2-year with an option to extend)2. option to purchase agreementCollect a non-refundable 3% - 5% option fee from the tenant buyerSell the “lease option package” to another investor for $45,000.

I wanted to know where all the real investor went so I could learn from successful people.I was gullible at one point and paid for a guru weekend which didn’t offer any actionable strategies only to find it was an extended pitch to spend more money with them.

The profile of the tenants that are interested in staying (minimum term = 2 months) during the weekdays and clearing out for the weekends include:Young professionals that work in the local town and then commute home during the weekend; Students that may be living at home and want some personal space during the week; Budget-conscious guests that have done the math and recognize that they can stay for a nightly rate during the week that crushes any kind rates and quality of extended stay hotels; Folks relocating into town and want to reconnoiter on the weekends for a home to buy; and also Well-traveled individuals that are basing in Athens Georgia as a gateway to the area going on weekend trysts anyway.Here is the language that we have in the "weekday" lease for each bedroom.