I might have been talking about the family room which is lower than the rest of the house and the floor and ceiling needs to be raised, I'll defiantly let you know as soon as I get contractor in

You could raise the capital if you need cash, hire a professional GC to do the rehab and a local PM company to manage the property.

Do you typically raise the rent every year and between tenants? 

I am a week out from closing on my first duplex to House Hack and can confirm that lenders are willing to take the income from the property into consideration to raise pre-approval amounts and provide additional ammunition to go hunting. 

Thanks for the second eyes on this.As for raising the rent, the city has a Maximum Allowable rent (MAR) where they roll your rent back to 2015 then increase it ~3.5% each year until 2020 but i have to understand what the tenants base rent is and if he/she is even paying during corona.

Then as the virus stuff ends, raise the rent a bit. 

The impact will likely be spread out across the country, bringing some higher price markets down some, while raising up the attractiveness of lower cost markets elsewhere. 

The syndication company I work for just a couple days ago raised $9m for a $3m raise for a new construction in Houston.

Originally posted by @Kevin Burke:Any recommendation for a new investor looking to invest in multi family homes A lot depends on what size property your talking about but regardless market and product knowledge is key then learning financing and raising capital if you need it.

The contractors know how much they can charge before it raises concern.