Hi all, 
We have a family with 3 growing boys and feel that our current home needs to be bigger. With the current market, it’s hard to make an offer with contingent to sell our own home. And with COVID-19 situation, ...

Additionally, there is no room for growth in a one bedroom unit and a lot of people will eventually find a significant other or increase the size of their family thus causing them to upgrade their living space.

For those that have upgraded to the Pro membership, would you recommend it for someone like me early on in my investing career?

I’m halfway through David Greene’s BRRRR book and there are definitely a lot of tips in there that are still applicable and like you mentioned, adding value through adding bedrooms, bathrooms, kitchen and bathroom upgrades.

If you're very lucky, your existing walls will go down far enough to account for the added height, but it's unlikely.Just a heads up, if the city deems you need to upgrade your service and utility lines to account for an additional unit, and/or add sprinklers and/or add a fire alarm system, this is going to cost you quite a bit.

Many people do well with upgrading your home every 2 years, with a new FHA loan, while renting the prior one.

Here are some of the numbers and my two general plans.Under contract for $412k20yr commercial loan @ 3.25% (need to put 25% down, $309k borrowed)Property Tax @ $7850Total Home Insurance @ $180/monthRent roll totals $3775/month (estimating that we could increase to $4400/month with minor upgrades)Strategy 1 (Do nothing)My math shows cash on cash at about 10% (with property mgmt and no upgrades) and with the increases we can get up to 15% (assuming little to no upgrades).Strategy 2 (Sell off one of the SFH)We think we can sell one of the SFH's off and attain ~$170k after the sale (this one rents for $1200/month now). 

If you get a property that has a solid foundation, no epa hazards (or they have been remediated already) and upgrades completed, those can be gold-mines because the construction methods back then were to build for an indefinite duration, with virgin timber, generally resulting in an obsolescence rating of 300+yrs with upkeep meet.

The property is a Triplex (2 x 2 BR, 1 x 1BR units) in a nice neighborhood with a new roof and some recent upgrades.

Added a second bathroom, upgraded the kitchen and exterior of the home.