The home is in an area of strong rental history with low vacancy rates, low unemployment rates, new jobs in industries likely to grow into a green future (not phased out) and in an an area where there is pride of ownership . 4.

(Assuming the building dept gives you a general green light.)

At first expect some growing pains while you get your right team in place but after a while once you have a system in place it will be on Cruise Control..I recommend @David Greene book for investing Out of State, you can find it in BP store..Best of luck on your Journey!!!

While looking at one of David Greene's rehab projects in the same city (http://greeneincome.com/index.php/2016/12/01/alexon/), David paid $6.5K to have the property repainted, kitchen floor replaced, cabinets repainted, new doors installed, plumbing repaired, electrical upgraded, garage repaired, bathrooms refinished, new appliances and fridge installed, and some repairs made to a handrail.

Bowling Green, Indiana.

@Green Hill I am curious how did you make out with this goal so far?

I have a question though, I’ve been reading “ long distance real estate investing” by David Greene.

More green less sweat inLess sweat more green inGood luck!

For a rental I'd be less worried especially if the addition of the bed/bath brings the property into a configuration for which the local market has more demand or less inventory.... but in that case be mindful of your exit strategy, as it could be harder to sell down the road.There is a chapter in David Greene's "Long Distance Real Estate Investing" that goes into depth on adding square footage to houses.... the lessons in that whole book are applicable to local investing just as much as they are to long distance.Good luck!

Start listening to the BP Podcasts, read Brandon Turners book "The book on Investing In Real Estate with No (and low) Money Down" and "Long Distance Real Estate Investing" by David Greene.