Due to increased rates i did not refi so i did not get opportunity to see how an appraiser valued the half bathroom but the comps with same bathroom count had crazy valuation for the additional half bathroom.Taking under utilized space like a work area to add a br where the added br does not put you above the normal for the area can add value.Similar if a neighborhood is virtually all 3 br and 4 br properties and you find a 2 BR, it could be a value add to add the bedroom via new construction.  

And I'm happy to host you at one of our Asheville BP meetups sometime soon.

It's free to attend and you will meet a ton of great people: https://www.rpoaonline.org/

Experience helps a ton.

In my analysis, I utilized a 40% assumption as a baseline, though I acknowledge that this may underestimate expenses for a park with the characteristics you’ve described.

I recently acquired my first primary residence and am seeing ways I can best utilize the space for real estate investing.

As Mitch pointed to, on one hand, STRs are housing supply locally and will likely get looked at.  On

(To avoid months of probate and thousands if not $10’s of thousands of dollars in costs.)Hawaii is considered a "TOD deed state," meaning that residents can utilize Transfer on Death (TOD) deeds to designate beneficiaries who will inherit their property upon their death, allowing for a potential bypass of probate court proceedings.If she is already in memory care center.

I have also utilized owner financing for longer periods of time, including personal residence and 2 barrier island houses on the coast of Florida.  

Quote from @Elisabeth Lernhardt: Today I found out, that some of the utilities were not in the tenants name!