Our budget is aimed to improve the kitchen, bathrooms, and increase living area.

I still try to stick to the 1% rule, and aim to cash flow at least $200 per door per month.  

My primary aim is to get into BRRRR predominately along with buy and hold investments to build up a portfolio to retire in 10-15 years. 

My goal was to make it the nicest in the area and make it a 2br since it would add a-lot of value to the property and get me more rent(Aiming for  $900 as a 1BR or $1,200 as a 2BR).It would only cost me about $2,500 to add the bedroom but possibly 3-4weeks extra in rehab because of shifting waterlines etc while working my day job.Is it dumb to still do rehabs but ingore the bedroom add and later down the road when I have more cash I do a bedroom addition?

I don't aim for perfect BRRRRs to begin with, but do plan to adjust the returns I'm looking for if this trend continues.

Here in my neck of California the re-assessment occurs as of the date of sale so that we get supplemental tax bills in year 1 rather than in year 2.   

But I am seeking cashflow to supplement a paycheck.

@MarieChele Porter the proposition you are referring to is Prop 21 on the upcoming ballot and it aims to give City's opportunity to enforce more stringent rent control ie. limiting how much you can increase rent after turnover. 

My original goal of the handyman business was to supplement my REI projects

We are aiming to stay out in the burbs so our kids can do to better schools.