If not, sticking with your original plan, staying in the condo, and waiting for a better refinance window could be the way to go.

The main issue is that to do the ADU you have to spend so much bringing other items up to code like electrical, plumbing, lighting (windows) and egress.

They are one of the oldest and most vertically integrated turnkey companies in the country.

Plus we also able to negotiate a frigerator (not part of standard package) as well as blinds for all windows. 

A solid strategy is to look at recently renovated properties in the same neighborhood that have sold and compare their finishes, square footage, and layout to your potential investment.As for value-adds, some of the biggest ARV boosters I’ve seen include:•Adding extra bedrooms/bathrooms if the layout allows•Upgrading kitchens & bathrooms (modern finishes, quartz/granite countertops)•Improving curb appeal (landscaping, exterior paint, new doors/windows)•Enhancing tenant experience (in-unit laundry, smart locks, better lighting)If you’re serious about making moves, I’d love to help—I can even fund your project if you’re looking for financing.

Sell and use the $250,000 per spouse gain avoidance. 5 year window.2.  

., plumbing, window replacements, and sheetrock repairs), but it still needs work to get the vacant units ready to rent.It’s located in a neighborhood with a higher crime rate but also near major highways and areas with rental demand (e.g., downtown Fort Worth and Texas Christian University).My Goal:I’m focused on cash flow, and this property seems like it could work if I can stabilize it.

One broken window, one missed month of rent, one eviction, one stolen refirgerator and so on, and all you've bought is a headache.

Security Deposit: 2600Lease states no smoking/painting walls/no hanging things on wallsTenants have moved out and have left two truck loads of garbage to be removed.Damaged doorPainted walls which got on the ceiling and trim Lots of holes on the walls throughout the houseDamage from windows being left open constantly Weed was clearly smoked in the house (smell throughout the place) so we need to deep cleanWater bill wasn't paid so I had to turn back on utilityMissing keyQuoted costs:$450 junk removal (some furniture)$935 for damaged doors/windows, painting cleaning$30 for utility turn onTenants were only there for a year before moving out so a lot of this is beyond normal wear and tear. 

To deter the break-ins you need to have window coverings on all the windows, a light on and not advertise that the unit is vacant.