Do you have a defined market area?

The rents are a bit higher on new construction and the builders are offering great rates to investors if you use their lender. 

I would suggest to check with your local laws first.Most likely you will need permit ( I guess you can get away without, obviously not suggesting that :D)) but possible) , also check your zoning.If not possible to create separate unit legally, I suggest not putting an oven in the basement, and rent it without, or live in it yourself

On the refinance side you don't have any points/fees and depending on the type of loan you refinance that can be a substantial amount.

Let’s connect and explore how we can achieve your real estate goals together!

Now I’m not familiar with the subject area that your question about, but you can get cash flow from day one by paying cash.

Make your voice heard - be sure to check your registration status and make a plan to vote this November.

Make sure it's permitted, warranted, approved by the HOA, and all that other jazz.I wonder how long it will be before the electrical grid collapses.

I am having trouble finding distressed properties with enough "meat on the bones" to make enough money on the deal.  

Have you talked to RentRedi to let them know?