If I proceed with adding one unit, around 1500 sqft, the construction and approval costs may amount to approximately $450K, which would bring the total property value to around $1.35 million.Given that some three-unit properties in Canton have sold for less than $1 million in the last two years, I'm uncertain whether adding this one unit and renting it out would be a wise investment.My questions are:Is adding a single unit worth the investment considering the current market trends in Canton, MA?

Hello BP community,I'm interested to learn what most investors do with the portion of rental income commonly set aside for cap ex, repair, and vacancy costs.

Very excited about the development potential of this neighborhood!

Underestimated the cost to fix up and how hard and how much time it takes for one or two people to complete a flip.

Real Estate is definitely not just a "numbers analysis" and you are definitely thinking about things the right way - but I think a good next step for you would be to spend some time putting a lot of this stuff into a (very) basic financial model/spreadsheets mapping out all the potential costs and estimates on effect (effect on value, on exit, different scenarios) - I think getting started with that framework should help with these decisions immensely

Still tons of great positive cash flowing deals that hit the 1% rule and TONS of appreciation potential.

My contactor is licensed bonded and insured and he called the neighbor offering to cover the cost of exterior detailing of his car.

Any Ideas about the costs associated with Small Lot Subdivision? 

If you are renting bedrooms out of the home you live in, there is no cost for the permit, but you still need to apply one.

In exchange, I'm thinking that she would collect all the cash flow and potential equity until I refinance and get the loan originated in my name...