Lifted the 1840's Farmhouse and poured a new foundation, Added a master bathroom and a designer kitchen.

“You get one shot to make an attractive offer package,” Platt says.

If you are confident a crash is coming, why not just hoard cash and be able to make deals when prices are attractive. 

I have a property designer pick out all of my furnishings for me as well. 

He is giving me a good deal and is even carrying the note which makes this very attractive at my stage in investing!

3Beds/2baths with a bonus room and 1550 is on the conservative side relative to the market to attract a great pool of candidates.

Of course as interest rates come down, lower cap rates become much more attractive. 

You may want to take step back and figure out what types of tenants you want to attract and how much time you want to spend managing your rental.

I get why this is attractive to people, but those are the same people who don't understand there is more than one variable in the equation of "what is the right price for rent for this unit?"

Engineer will do the utls designs and get those approved..