With the exception of a power wash, I'm not doing much to the siding to really make the house pop.

Location for retail is critical.If you have a mid line center between commercial nodes it will be harder to rent at lower rent per sq ft with mostly mom and pop tenants.

Looking forward to meeting everyone to hopefully help others with my limited knowledge and learn more about this business to help run my mother's rental property the right way, possibly buying my own property or properties in the near future.By the way, I am a senior motion graphic animator at an ad agency in Tampa Bay for about 10 years, and an artist all my life.  

Below numbers are rough based on speaking with my real estate agent.My Situation: I do not have enough DTI available to buy the neighbor's house nor fund the construction phases for Option 1.Option #1:Short Description: Buy the neighbor's house and pop the top and dig the basement out and sell each as separate units.Issues: Funding to buy the neighbors house/popping the top/digging out the basementRough Numbers: My house 370k, neighbor's house 350k-450k, Pop Top on both 125k-160k, Dig both basements 80k-100k, Finishes - 50k-100K    Total Cost - Roughly 1,150,000 Potential Reward: Selling each unit around 750k-900k Total - 1.5M-1.8M Option #2:Short Description: Ask the neighbor how much they are willing to sell their half and wholesale their half and my half to an investor.Issues: Finding out what the neighbors are willing to sell.

Deanna you obviously do not operate as a mom and pop landlord.Mom and Pop owners do not want to identify themselves because they are afraid of the responsibility.

I definitely have seen a few pop up in rare occasions, but they are rapidly snatched by all cash investors.

Fate would have it that an old post of yours popped today with my "Atlanta" keyword.

I would add at least $10-15K on top of that $20k estimate for other things that might pop up, just to be safe.

Then I'd be on the lookout for established wholesalers and investors in your area that pop up from your keywords.4.

You can do so by throwing an @ in front of their name and click on it when it pops up (e.g.