If you already have 20%+ equity then adding to that can means you are building equity you can actually use.

The same rules of thumb apply there for adding value as do for SFRs. 

I’m wondering if the 203k loan will cover finishing a basement and adding a bedroom, bathroom, and kitchenette area.

Well, it took about 3 seconds to google Las Vegas unemployment rate. 5.4% in January 2018. 4.4% in May of 2018 when the article was written.

@Wayne BraultSearch for "brokers direct mls" in google

Not sure where you are moving out of state but If I were in your shoes I would take your sale money and do a house hack ad Brandon calls it.

This also doesn't include any summer leases at $500 per person which will be directed to our CAP EX fund.A break down of the estimated first year PL sheetGross Rent:$23,400taxes: $1,560insurance: $590Water/sewer: $2,000Gas: $1,900Electric: $1.500Maintenance: $1,000expense total: $8550NOI: $14,850Debt: $1080x8months= $8,640Cash flow (paying toward HELOC principle) $6210(yes I'm not including Vacancy for this year, I'm also not including Cap Ex this first year either)utility estimates are based on previous averages, and also our first 4 monthsYear twogross income: $26,000taxes $1,560insurance: $590Sewer/Water: $2,000Gas: $1,900Trash(year two electric will be on tenants and we take over trash): $300Repairs/Cap EX fund: $2,500  (summer rents will be added to this)Expenses: $8850NOI: $17,150Refi Debt (125,000 loan @5% estimated): $8040Cashflow: $9110   45% COCOverall this deal is turning out very well, an seems to be an awesome first investment property.

I found this on a quick google search:https://www.alpinehomeair.com/viewproduct.cfm?

Also there are literally thousands of HML through out the US.. just google in the state your interested in.no need to pay for someone to give you their list of pet Lenders that does not make sense.. there is huge competition right now in the space for qualified borrowers..

I am a definitely adding this to my lease, And I will probably add a few other things to do such as trampolines and fire pits, etc.