I've talked with architects and contractors and have gotten either a lot of friction or >100k estimates to add a bathroom/kitchenette to a detached garage. 

Rehabbed about 60% - Plumbing , complete bathroom renovation, new kitchen floors, etc. 

Hi all,I have an opportunity to buy 5 off-market properties at the same time from my real estate agent’s dad (with a discount).

If I want to put in new floors, or bathroom, the HOA will make me jump through a lot of holes before they approve it?

If so, that's really the best option for the owner to maximize the net proceeds.Unless you're in the origination business, you're probably going to have to sell a seller financed note at a discount.

Typical rent for single room is $500 and for families anywhere between $1100 and $1800 depending on rooms and bathrooms and whatnot.

We do it by providing the new buyers with peace of mind… brand new structures, brand new mechanicals, and brand new kitchen and bathrooms.

They may not have thought to negotiate a large discount on the purchase price by documenting/hiring property inspector/taking own photographs and presenting findings to listing agent and owner who had not walked the property in over 3 years.The 4 units that were rented were, $600, $700, $700 and $800, with both of the $700 units being 3 bed 1.5 bath at approx 1,100 sq ft. 

It's not a horrible investment play, leaving the basement unfinished, because you buy a house at a discount in a flood zone, but it rents are market because there is no downgrade to the tenant on the quality of the rental because it's in flood zone.

So far each flip that I’ve done we completely started from scratch in the kitchen and bathrooms.