Really liked it.I think your plan can certainly work, just make sure you over budget for maintenance and management.

If you are going natural gas for the furnace and range, then I would put in a gas water heater as well - either storage tank or in-line depending upon your budget.

Or if you have room and budget, 2x4 studs with batt insulation and drywall.

We paid 23.6% of rents for these expenses.Where I budget at least $2,000 for maintenance and cap. ex. on a single family residence I budget only $1,000 since outside maintenance is covered by the HOA.Hope this helps eventhough the numbers are for vacation rentals

Of course we could guess, and you could end up being way over budget and having huge financial problems because of it.Find a LOCAL builder, and get bids.

With budget billing spreading the electric bill over 12 months evenly this is very affordable for a tenant .

What did you budget for improvements to get it rented?

He is a cash buyer with a nice budget for this area.

I've done some work with construction and enjoy the budget/managing/ work scope aspect of being a GC.

If you want to scale up your business, you have to budget for these on an ongoing basis.