For example, I will buy houses and add bedrooms/bathrooms or build ADUs in the backyard to "force appreciation". 

This essentially covers service lines that run from the house to the city hookup.

We rehabbed both units to include redoing drywall and insulation, refinishing hardwood floors and adding LTP flooring, adding a new bathroom vanity, replacing some fixtures, andredoing the front deck and adding the back deck for separate access to the back unit.

Property managers are essential for that seeing as they will (or should) tell you where they don't want to be doing business.

Purchase Price: $240,0001bd Basement apartment rent as is: $1,000/mo1bd Basement apartment rent after renos: $1,350/moRenos needed: 1,500 sq/ft flooring, two IKEA kitchens, two bathroom renos, paint, interior doors.

Asbestos mitigation,Updated bathrooms and laundry, new flooring, paint, doors/trim, and windows.

You essentially create the "needs"(needed for loan approval: ie- roof with 3+ years life, etc) and your "wants"(That Brand new kitchen/bath all renters want).

Fairfax County is proposing changes to the current ordinance, but nothing has been approved yet (https://www.fairfaxcounty.gov/publicaffairs/county-proposes-changes-accessory-dwelling-units-and-home-based-businesses-better-serve-residents).If you can find a home where you can create a smaller, independent space with its own living, bathroom, and kitchen space, you can rent it as an apartment.

You essentially create the "needs"(needed for loan approval: ie- roof with 3+ years life, etc) and your "wants"(That Brand new kitchen/bath all renters want).

Essentially we hadn't begun the process of putting together our spreadsheet that runs the numbers, knew what kind of properties we were looking for, or even how to be a proper and ethical landlord.