I see so many room illegal additions/conversions where the homeowner spends a lot of money on the project, but when they sell the appraiser assigns it no value because the square footage is unpermitted.

There is no one single way to invest in real estate and networking with many different investors may give you additional ideas for achieving your goals.

However, the only thing you have left out of your post is if you are sure you have the extra capacity (with respect to amps) in your panel to run an additional 33+ amps. 

I have an addition I’m having done in my personal residence by one of the best contractors around and he’s on month ten now and still not done .

They are torn between trying to fix the place up and sell at retail or just unloading the burden(tired landlords).

Thanks for the additional info.

Additionally, reaching out and starting relationships with lenders now will help you identify what information you may not have realized you would need to get funding, (a lot of lenders do not lend to individuals, only corporations, like an LLC).

Additionally expecting an agent to do all of the above for a small purchase price like 50k or 75k is unrealistic for most.Big thing I never see mentioned on here is make sure the broker or agent is QUALIFYING YOU to take on as a client just as much or more as you are qualifying them.

Aside from what Roland mentioned about the traditional path of selling, sometimes the seller is another investor who just wants to unload their properties, other times they are adult kids who have inherited unwanted properties to not have to deal with the costs of it.

You can require that they name both the owner and yourself as Additional Insureds.