Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

@Jennifer T. check local laws first and if allowed, you can bill utilities back to the residents based on a percentage of their square footage, number of residents, etc or a flat fee based on their floor plan type.

Hello BiggerPockets community,As I begin underwriting smaller acquisitions targets in both Logan Square and Englewood, I find it hard to project anything beyond a 10% IRR, CoC above 3.5%, and an equity multiple north of 1.06. 

Hi @Petya Toncheva, in my opinion the principal at play here is "best and highest use" and since a room need only have walls and a door to be an office space, but needs to possess more to qualify as a bedroom you're generally better off qualifying it as a bedroom and advertising it however best fits your market.Do be mindful of total square footage and overall utility. 

I will not bend over backwards trying to fit a square peg into a round hole. 

Once down, carve the inside of the stump out with chainsaw, or cut deep square notches with a circular, and piece out with an axe.Or get two Home Depot guys and give them each a sharp axe, they'll have it out.All you need is to axe an inch below the surface, then cover with dirt.It will still be cheaper than a stump grinder service.

Its bones are good, it's in a fantastic sought after, no crime, quiet neighborhood. 4 bedrooms, 2 bathrooms, 2100 square feet, just needs cosmetic upgrades but nothing major and college kids don't care about that.

It is probably just a matter of how the square footage was calculated.  1590 square feet above grade is almost exactly what 2100 square feet with 2 floors above grade and 1 floor being a basement is.

Here are a few steps you can take to verify their credibility:Research the company or individual: Look for information about the company or individual online and see if there are any red flags or negative reviews.

Its bones are good, it's in a fantastic sought after, no crime, quiet neighborhood. 4 bedrooms, 2 bathrooms, 2100 square feet, just needs cosmetic upgrades but nothing major and college kids don't care about that.