It seems like the shortest path to cash-flow with the less out of pocket expense. 

SFH with three bedrooms attracts more people to live in, some times two families sneak in and parking on the grass can become problematic.  

I'm in Columbus Ohio and we ahve to build the same floorplan over and over and it's a group heard mentality. we build a three story walk up triplex designed for our infill lots

The person they consider having the deep pockets. 

Additionally, no investor has received an escalation - which is good for your investment and if you look at some of the rates of returns (some folks are into their builds roughly 60-70k out of pocket, and have over $150k equity - amazing return over most investments) - even though it took longer than any of us expected - there is a lot of positive to talk about. 

But you have to understand you may get monthly cash in your pocket, but you'll have more problems and little appreciation.

@Richard Welcome to Bigger Pockets!!

You pay for the basement reno out of pocket and cash out immediately...instead of waiting for 6-12 months

Welcome to Bigger Pockets!

Offering a refundable fee would have to come out of your pocket.