I would like to maximize the ARV by adding 500 square foot of living space in the basement.

We build houses for $75-$85 per square foot which is our cost to build and we sell that for $150-$200 per square foot, sometimes our margins are much slimmer depending on the finishes of course.

Investing in your own area when starting out gives you much better footing to do well when you are starting. 

Included in the cost of a major kitchen remodel is updating a 200 square foot kitchen with 30 linear feet of top-of-the-line custom white cabinets with built-in sliding shelves and other interior accessories.

Going into a rental property break-even means that you'll likely be footing the bill for unseen expenses if even a little thing doesn't go according to plan.

I don't think we're entering a 30-40 year deleveraging cycle like the yesteryears may show; today's world responds a ton faster, and you'll see movements never linearly only abruptly.

That being said, the value of getting your foot in the door, getting your team together, and pushing through any problems you occur is priceless.

A general guideline of a certain amount per square foot might be nice for planning, but I would never use that number when I have a potential property identified.

Unfortunately with new regulations it has become harder in the higher foot traffic cities so MTR is a way to go being that it is still popular in business, nursing, relocations, etc.

The factors come down to the type of work they will be doing to "replace" this line, are they relining it with cured-in-place pipe (CIPP) lining, epoxy pipe lining, or UV sewer lining; those are between $2k-$5k (in my area).