It also depends on the cost of adding the additional bedroom.

Feel free to:- Vote up to help others find this post.- Tag a friend who would/could benefit from this discussion.

She is thinking of renting out her house for short term rental while she's gone to make up for some of the costs of being gone (she has some special need dogs that cost more to board).

Feel free to reach out if we might be able to help with anything there.

I estimated that my repair costs would be around 25k. 

I like it a lot of my vendors move the inventory in 30 to 90 days so we are only paying sometimes as low at 90 to 150 for insurance per home.Now if your going to keep it a full year or more this is not always the most cost effective.. but it works for a quick and dirty solution.I used Foremost over the years for my MHParks that I owned.. they insruaed the crappy trailers in said parks LOL

You can find plenty of people willing to share information for free.

Or is it considered a price reduction, lowering your cost basis in the property?

I'll handle rehab cost, management and yearly expenses etc...and would like to build a nation wide company consisting of low income-luxury buy and holds, fix and flips, commercial, development and eventually branch out to vacation rentals as well.  

Builders are offering lots of incentives right now in the form of permanent rate buy downs and closing cost incentives.