You're a great addition to the real estate community.

Happy to share any additional insight!

❌ Previous Rent: $1,100✅ Post Reno Rent: $2,000 (plus utilities)Original Underwriting: $1,900$900 monthly rent increase$10,800 additional income per year (excluding utilities)We spent $35,000 for a premium level renovation.= 30.8% return on investment (ROI)We target an ROI between 25% - 35%.

For example, Would they entertain owning two houses, if the FL one supported itself and even paid for their new primary residence, if it brought them income and they never had to spend a second thinking about it?

In addition, 5% to 8% each for maintenance and cap ex would be way too low in virtually every market but possibly not in high rent San Francisco.  

In addition, how much time do I have to find an escrow company before closing?

After looking at the difference, it would be over 400-$500 additional in principal and interest a month.

My post isn't meant to argue your idea, but more to contribute additional thoughts to the discussion.Thanks for the response and the discussion.

The argument is for an additional $35k you would gain an additional $20k on sale.

Any additional info about your experience with a recent conversion, unexpected cost, and potential timelines you would like to share would also be greatly welcomed!