As many know, the Seattle region has a housing shortage, and I think this type of housing would be desirable for people who have steady jobs and good credit but can't afford to pay $1500/month for a 1 bedroom.

There is a steady influx of new businesses including tech companies like Facebook and Amazon into Columbus and as the state capitol, there is always a solid government workforce that is looking for housing.  

Pay for the basement reno out of your regular savings as the build progresses and as you have the money saved.   

Thanks, slow and steady when the race sometimes.

Your business model is a progressed version of mine.

Has she seen the progress you have made and started to come around at all?

I like moving the idea of moving vertically, it seems like more progress quicker.  

The last house we bought we did this way and the new renters came by every few days to check on the progress.

We closed at the end of December, had renovations done for the first unit towards the middle to end of January, and had a steady flow of "interested" candidates who wanted to see the apartment.

So essence, for her, having a bank account was unnecessary.And if you been following developments in other parts of the world, some countries have progressed beyond cash and bank accounts, and use smart phones for all transaction, such as paying for taxi rides, buying food from street vendors.