So we officially have 3 flips we will be starting in march and one that should be finished in a couple weeks.

Best candidates for adding bedrooms downstairs for us have been basements where there is NO/MINIMAL risk of water intrusion as-is, and where there's already some finish (or mostly finished space), but just not the official bedroom.

If you were to add high-end interior and exterior finishes you can expect to raise the average rent by $150-$300. 

Do they love the owner because they don't enforce late fees if they don't pay the rent until mid-month?  

Note: a Mortgage Credit Report will pick up dirt that those worthless "Online" consumer fico score reports won't show.Depending on how much of a Credit Criminal you have on your hands, in addition to a substantial "refundable deposit ask for 1st month's and last 2 month's rent up front (note: need to open an escrow account to deposit the rent payments and deposit collected)Write lease with an "EPD"  (Early Payment Discount), meaning if they ensure that you receive the monthly payment BEFORE the 1st day of the month, the rent is discounted $50, $100, $300 or whatever, depending on if you are leasing out a $50k home or a $3,000,000 home.And the very first time the rent is 5 days late, hire an evection company to go post an eviction notice to start the process and/or show them you are not playing and they will likely ensure you receive the rest of the rents on time after thatAnd I could go on and on listing things to do, but these are a few good ones  

The property was recently renovated, very nice finishes, structural work is done, and is registered with the historic commission.

I am currently finishing up my Masters and I chose to take a Real Estate Finance class, So far it has been everything I have hoped for and I am learning a lot! 

This is before taking into account unpaid interest and late fees.For example this home was worth less than half the amount the owner refinanced into, and this took place in 2017...

What’s the highest end of finishes you would assume is reasonable for the area?

Purchase:75,500Loan fees and closing :5000Uncles cut:10000Materials: 14000Holding 2000Real estate fees & closing: 10000Sold:138,900My profit: ~21,000 I have found my next potential flip 43k 3/1 with partial finished basement.