Local code and building costs are going to be a factor either way.What they need to determine when you add a "Story" to the house is if the foundation can support the extra weight.Here in New England, we have a lot of stone foundations and concern here is that they will shift under the weight, so the solution is to add pilings to support the house and assist the foundation.

Do you expect longer term tenants or rapid turnover?

My goal of July 15 is rapidly approaching! 

I remember back in march 2012 the supply of homes for sale dropped below 3500 homes for sale and that was the end of homes declining in value and started our rapid appreciation .

Do I ask the gentleman to use a licensed contractor, or can I just go tell him to kick rocks (does my agreement hold any weight on his end)?

Especially because the city of Charlotte is growing rapidly, and people need houses to stay in.

Now, I find my business is growing more rapidly than projected and I'm looking for ways to reduce my tax liability.

That's a weight off my chest! 

If the historic pattern of real estate development follows its neighboring markets along the subway line (such as Wicker Park), this area will gentrify rapidly and see significant appreciation.Property: Legal 2 units with finished basement and finished attic.

However, if you have your own real estate agent represent you, then they're focusing on your best interest and your chances of getting the deal unfairly weighted in your favor are greater.