I'm trying to add square footage to a property by adding another bedroom.

Boxers don't walk around with boxing gloves on daring someone to square up with them.I'm the nicest agent in the world.

This will help vet those contractors looking to take advantage of folks, in particular since you’re investing from afarFocus on punctuality and communication – did they show up on time, did they return your call/email in a timely fashion, do they keep a well maintained vehicle, do they communicate in a professional mannerVerify IDOnline search of their name and companyReferences with phone numbers, and previous work – call the references, find out the type of work done, does the type of work they’ve done match with what you’re looking forGet a detailed, written scope of work (SOW) along with a detailed, itemized contract – define the payment scheduleHow will the payments be structured –are they asking for money upfront (potential red flag)Hire a licensed, insured contractor that is in good standing with the Better Business Bureau, and the local consumer protection agency; check the license number, insurance policy, and bond.

On a cul de sac right off of union square.

ALL Investors, regardless of who you are working with, ALWAYS do your due diligence and ALWAYS suspect foul activity if you are ever asked to pay for something up front combined with other red flags!! 

Any offer you or your agent presents needs to be accompanied with a pre-qual letter anyway so getting your financing squared away first gives you the ability to pounce on a property that interests you when that time comes.2.

The house is 2700 square feet, and would easily sell for $250k in good condition in our (very hot) market.

I went to MFU 6-unit specifically for this reason - - to generate cashflow, not red ink.Basicially, your SFR rent less mortgage, taxes and other expenses must exceed your rent to avoid red-ink.

Jd Martin Month cost for hold will be 650 roughly so one vacancy would put me in the red

It was converted to a room Bedrooms: 4Bathrooms: 3.0Total Square Footage: 1,990Living Square Footage: 1,760Lot Dimensions: 75.0 ft x 110.0 ftYear Built: 1962Property Type: ResidentialSubproperty Type: Single Family DetachedMLS #: 736405This Listing was Last Updated: 12/30/2015