Correct with one additional step - If 1031 is still around you can bet I'll be also. 

If you need more info, or have any additional questions please let me know!

One plumber said there was "additional" work required that was not covered which was a joke. 

I'm actively trying to find properties where I could turn them from a 2 bedroom to a 3 bedroom. I found a potential property and I think that's where the "extra" square footage is coming into play (the house has 2 bed...

Hi Gideon,Find out how much it would cost to finish the basement and also find out how much more you can rent the house for with the additional 1-2 bedrooms and bathroom. 

You'll be a great addition to the forums with your growing experience!

The proposed refinance = 30 years, monthly P/I = $670, rate 4.75% 5/1 arm portfolio loan, but closing costs seem high at $2400.Goal is more cash flow to put toward additional properties.

Hence, I'm considering adding on a bedroom and bath and refinancing, (also I could add a small bedroom in the basement for 1/4 cost of addition, probably more aligned with making a rental). 

As well as many more.In addition, you have to make sure the property aligns with your goals and objectives.

Additionally, the MLS listing reported there were new ceiling fans in each of the rooms but there weren’t any!