Hi Travis,If you make a big rent amount jump and they can't afford it they may leave, and you will have to pay to turn the unit and handle the vacancy time.If you raise the units to market rent and the unit interior finishes are not equal to the local market for the rent you are asking, they may leave, and you will have to pay to turn the unit and handle the vacancy time.Good Luck!

@Paul Wachtler I am currently finishing his The book on Rental Property Investing!

Start to finish she will do what it takes to make sure you get what you want.

We just finished renovating our home here in Historic Springfield.

I haven't had the proper investment to refi yet, which is why I am looking to make sure I understand how to correctly analyze a deal from start to finish.  

How should we adjust for finished basement sqft with respect to coming up with the range of $/sqft that a neighborhood can support?

Here is an example with numbers (an ideal best case scenario):ARV: $175Kpurchase price: $90Kclosing costs (including HM interest): $10Krehab: $25KAll-In cost: $90K+$10K+$20K = $125KHard money loan (70% of ARV): $122.5K Out of pocket: $2500Once the rehab is finished and the property is rented, refinance $122.5K into 30yr fixedEnd result: $52.K captured equity with $2500 out of pocket.The rent should be above $1300

For example: You purchase a property you plan on fixing it up/adding value then selling it But, you know you are going to get a pretty great return after when its finished and the lender gives you the option that so you pay no monthly mortgage payments and gives you a deadline and you have to pay all those monthly payments back with an interest after you sell the property?

I'm currently in the Army and will be finishing off my contract around November.

If you finish it by lunch I am cutting a check for the remaining 13,800.