I am new homeowner of a two bedroom, two bathroom, 1200 sq ft condo.

Our plan is to totally gut the house removing all the dated wood paneling, kitchen cabinets and bathrooms.

The bathroom in the basement has no ceiling and door.

So essentially in 90% of cases you increase your costs and risk for no increased reward.

What are you opinión of this deal: bought home for 410k, fha with 6% seller concession.The home is a live and flip deal. 4bed, 1 bathroom. 1500Sq ft cape, roof is mid life, no foundation issues, no oil tank issue, no furnace issues Renov 48k ( on a personal loan) ( New kitchen, second bathroom, landscaping, fencing, repair existing bathroom, New flooring, paint the inside, replace two window, repair deck, putca couplecof gutters,, update electrical panel, New major appliances)With the current market in my area ARV 560K (iam in upstate ny) Should I keep for 2yrs or refinance and rent this out?

She then started that she would rent it for up to $400 if I redid the kitchen (again...it was only one renter old), tiled the bathroom, put a window in the den (yeah, other side of the den outside is a staircase to the upstairs apartments).  

He is looking for money and free rent essentially (we all do right?

Looks like you have a lot of options for putting laundry on the first floor; anywhere above either basement bathroom or the utility room where you already have plumbing piped to that location will only take minimal additional plumbing.

@Andrei P farley househacking a duplex in Austin is essentially the same as living in a Townhome.

House has room for forced appreciation as the kitchen and bathroom could use some renovations.