Now the minimum standards your basement has to hit for it to be able to count as assessed sqft not estimated is a height of 7 ft, a point of egress (bilco doors) and a window usually in the rear, It's one of those things where if your going to go through the process of digging out a basement you might as well go for it and dig it deeper then 7 and closer to 8 ft so you actually stand out compared to the competition.Now the other side of this coin which I would suggest is if you're willing to spend 40-50k on a basement dig, consider adding a 3rd story addition if your a 2 story (think master suite, walk in closet, master bath) or an addition off the back and add a roof deck if your a 3 story (either master suite or just additional bedroom).

Unfortunately the numbers are tight because there is more competition of small units and even somewhat competing with hotels with a 2/2 as some hotels have suites. 

Rather get into STRs or Pad splits.His profile is section8karim on Instagram.  

@Jon Dawes All of us at Rent To Retirement are looking forward to working with you and helping you find the right lending option that best suites your needs. 

I have a master "Rent Paid Checklist" for every month on Google sheets and Rent Rolls, a master Lease Anniversary List, and a monthly to-do list to make sure I don't forget to pay the mortgagees and such alongside a month-specific to-do list I add on to not forget to pay taxes or that Suite 205 said they are moving out at the end of the month.

The platform offers a suite of tools and features that streamlines the entire syndication process, including capital raising, fund management, CRM, etc.

Insurance and Title Shop around for home insurance companies that best suit your needs and select the insurance company that provides the amount of coverage for your home owner’s insurance policy.

Post on social media (Tiktok, Youtube, Instagram, Twitter, etc.) with PM videos, tips and tricks on how to manage their properties and why a PM, such as yourself, can be of great value.

FTC Suit Leads to $16.7 Million Judgment Against Principals and Celebrity Endorsers of Real Estate Investment Training Program | Federal Trade Commission 

Value is being added to this deal by fully gutting the property, on top of that adding a full 3rd story addition with master suite.