As with any addition to housing stock, this option must overcome the hoard of NIMBYs, but I like its chances. 

If it works as an LTR, any additional profits that are possible as an MTR are cherries on the sundae.

On the other hand, saving for the second rental property allows you to avoid additional debt but may take longer.

If you have any inquiries or need additional help, don’t hesitate to contact me.

I had an additional 'tenant' move into one of my section 8 rentals and was not told.

Even after fines and penalties are issued, they refuse to accept responsibility and want to charge additional fees to correct their own errors.

If you have any insight or ideas for the structuring of the lease, I would love to hear you feedback.

As a heads up, we have updated the registration option on your second screenshot to be more clear about what the BPCON Additional Attendee and Adult (No Content) options detail. 

In my area, they typically don't reassess after a rehab unless you are building a new building or maybe adding an addition etc.

Hi Ayyoub Research is the key, Conduct thorough market research to understand why the competing property is listed at a lower rent, Consider any improvements or upgrades that could enhance the appeal of your property to potential tenants, If you're unable to match the lower rental rate of the competing property, consider other incentives to attract tenants, such as offering a shorter lease term, including utilities in the rent, or providing additional amenities.Hope it helps.