Additionally, many experienced rental investors are willing to offer their advice and mentorship as you get your feet wet.

Looks you have got your feet wet in the single family rental space.

They come out to your property to look at cracks you are concerned about, slanting floors, wet basements or crawlspaces...

Good house to get our feet wet in the rental market.

For example, often fire damage IS water damage--they put the red stuff out with wet stuff.

While Id like to get into mobile home parks eventually, I don't have the money right now and am thinking turnkeys might be a good way to get my feet wet.

Definately inspires me to finally get a toe wet.

Growth patterns, future or strategic road intersections, poor neighborhoods that will get gentrified due to location, low wet areas and high hills close to town, strategic properties next to future large development sites, land around trash dumps, other nasty aspects.All of these are cheap and have different compounding growth angles to them.

Always avoid buying land that is wet or has steep slopes unless you can work around it.

That said, if your comps don't require it, and your ARVs aren't there to justify the additional cost of finishing a basement, leave it unfinished.We have built SFHs on the North side of the city, and while our demographic and price point is different than yours, for a 3000 SF house we would generally do the following:-4 beds (3 on the 2nd floor + 1 in the basement)-3.5 baths (1 ensuite for the primary, 1 shared for the other 2 bedrooms on 2nd floor, 1 full bath in the basement, powder room on main)-Completely finished basement with rec space, storage, laundry, wet bar*I don't believe you'll be able to fit 4 decent sized bedrooms all on the 2nd floor with 3000 SF.