Corporate Income Tax are 24%, however banks and insurances companies are higher with an additional 3.5% Mortgage in ItalyIt's also important to note that there are no Mortgage companies here, everything is done with 1 of the very few banks here.

FHA now allows us to count rental income from an ADU (additional dwelling unit) to help borrowers qualify.

Quote from @Raghavendra Jakkani: The tenant should provide proof of income that doesn't require detective work.

Additionally, we are approved with the Better Business Bureau (BBB).

I am in the Tampa Florida area and we in dire need of more LTRs for incoming residents. 

The reason not to upgrade, is that you won't get that much more income for the cost of the upgrades.  

An example of that is tenant must pay for additional electric over flat fee / flat limit since now there is 2 occupants in the home instead of originally one.

.: Quote from @Trevor Finn: Hey @Kevin M.It sounds like you’ve got a solid plan to build passive income with a focused snowball strategy!

Do you have additional capital to add?

I'm a big fan of value-add opportunities, whether it's buying something currently undervalued & fixing it up to my standards, or buying something that has additional income opportunities that have yet to be incorporated.