If I proceed with adding one unit, around 1500 sqft, the construction and approval costs may amount to approximately $450K, which would bring the total property value to around $1.35 million.Given that some three-unit properties in Canton have sold for less than $1 million in the last two years, I'm uncertain whether adding this one unit and renting it out would be a wise investment.My questions are:Is adding a single unit worth the investment considering the current market trends in Canton, MA?

Please drop your questions or comments below.

@Jay HurstThese questions came after I analyzed the closing documents for my two recent purchases, one cash and one with mortgage.

I have a question regarding 1031 property exchange.

My question is, is negotiating a security deposit common and is that a risk I should be ok to take?

My question is, do I need to create an escrow account for that LLC to separate out the rent as it comes in of the other operation funds or does it matter?

Happy to connect and send over my real estate attorneys and they can better help with this question. 

Hey @Michael Lightwood - it's a loaded question but I don't think there really is a "good" time to be buying. 

Just a few questions I’m hoping someone can help me with.1) Do I need landlord insurance?

Happy to connect and answer any questions you may have!