Of course, love the cash flow, but more importantly, I am in the process of increasing the NOI dramatically, thereby increasing the value of the property exponentially. 

If done right and the area supports that type of living accommodation (permitted and acceptance), it can work but most people will see it as a converted garage (hence the done right part) and rentability will be impacted.We have looked at doing that on a few properties or building and ADU to boost cash flow but the numbers did not work so we passed and found something else. 

I get to bounce ideas off him, he verifies that I'm doing things correctly, he looks over deals I get and he's a huge confidence boost.

New: Roof, kitchen, bathroom, flooring, appliances, HVAC, plumbing, electrical etc.Originally the property was a 2BR 1BA however I stole some space from the living room to add an additional bedroom.I knew I would need that additional bedroom when I went to do a refinance and the appraisal would boost my value if it was a 3BR instead of a 2BR Total renovations cost me $40KI got the property rented out for $1,285/month Let’s Recap $78K purchase + $40K renovation = $118K Total all in cost + private lender costs oh by the way I didn’t use any of my own money 💰 a private lender funded the entire purchase price for me!

If you're not yet an accredited investor, buying some rental properties can boost your net worth.But, as always, it depends on your situation.

The best option is to contact a commercial property manager and see, as retail spaces can vary dramatically based on location, type of lease, and other factors.

**Take Advantage of Catch-Up Contributions**: If you're 50 or older, don't forget to make use of catch-up contributions to boost your retirement savings.2.

In the last few months, I've noticed a dramatic decrease in applications for properties for rent.  

Especially when the yield is healthy as many times we are able to boost this with a tourist license on the properties. 

Quote from @Justin Thind: The cost of buying increased dramatically and rent rates haven't caught up.