I had more than on contractor borrower of mine that finally figured that out got enough equity from relatives and now they are doing quite well and no way we can compete with them.but you start moving up north of 750k to purchase and unless your in the Bay area or prime LA  that does knock out a lot of competitionand you also have to remember this poster is paying CASH  HUGE difference as she has no cost of capital most of us need to borrow and if your borrowing HM which 95% have to as banks really don't service this niche ... her carrying cost ona say 700k project would eat up 20 to 30k EASY.. 

You will be locked in at a much lower fixed rate and you'll knock out that debt using cheaper dollars over time as inflation erodes the value of our currency.

I pop my zero turn on my little trailer, run over to the complex, and knock out the rest of the yard for him in 20 minutes.

I would simply knock out the $80k and have a great passive asset.

I am not telling anyone how to do your thing but come on knock out the property before 11am-12pm so its not even something to think about.

If I were doing it, I would see if the wall between the kitchen and living area is load bearing, and if it is not....then I would knock out the top half of that wall to open it up and create a breakfast bar there.

I will even knock out walls on older homes with closed concept to open them up.

I can knock out all of my rentals in the same day and it gives me a chance to take a look at my investments every 3 months while making sure the HVAC's are protected from dust/debris.

But knock out the other first.

If they want to knock out walls or divide rooms, they can.