The name of the game is to get the max amount of appreciation, on the most assets possible.  

It may end up costing you more than you hope to save.If you want to finish the basement, hire a contractor for the job and pay them.

Lots of headwinds facing real estate, like the following: Inflation Consumer Debt Lack of consumer liquidity-- renters don’t have first and last month’s rent, let alone a down payment to buyOwners interest-rate lockedOversupply of class A multifamilyStagnation of rent growth on assets aggressively underwritten at acquisition Maturation of term debt combined with stagnant rent growth against a backdrop of rising debt rates =investors unable to meet basic debt coverage service ratios on refinance Market normalization forcing operators and investors to rely on market fundamentals (recently) forsaken, while prioritizing expediency of deploying capitalInstitutional and local investors are both frozen by volatility and cost of capital and debtAll that being said, we feel good about B and C class assets we focus on and the markets we are in. let's connect soon 

Decide which game you want to play.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

It would cost more to hire my attorney and go after the EDM so basically left it as is.

What cost of entry?

If not, what would the cost be to cover the use as a group home3.

Quote from @Tarcizio Goncalves: Yes, labor costs are generally included as a capital expenditure when renovating a rental property.

Part of it is the higher cost of operating a business there, and part of it is that the Contractors know that they can ask higher $$ and usually get it.