The negative side of adding a bathroom is that it will make it more likely that the place is going to be subbed out to multiple renter vs a family . 

If the deal is cash flowing and value added, I would go for it.

Most of the greats already have an extensive buyers list.

For those tenants not retired, with income, doing it this way will expose them to added taxes.

As you may recall, I have some tenants moving out that cooked extensive Indian food which tends to linger a bit more due to all the amazing yummy spices.Can you recommend a good carpet cleaner and maybe the same or separate company to give the house that new house smell?

Make my offer with a 15-20% contingency added to my rehab budget. 

Now, if you were a block or 2 into jersey city which has legalized them and is charging an occupancy tax then that would be a good move.

Have you passed your deadline for loan approval or closing and the problem is the seller won’t sign an extension to the contract?

If you are one or know of one, please reach out as I would love to be added to your buyer list!

Once this project is complete, I may have a 2 family that will need extensive rehab as well.