In addition to what Ned said, I recommend walking the potential renter to their car and seeing what kind of condition it's in.

Not sure if 200k is in ballpark for remodel with second floor addition. 

And I haven't been creative enough in creating additional funding.If you're sure of your numbers and competency, and if you can create additional lanes of funding, I say go for it. 

Crowdfunding platforms run by a single sponsor (syndicator) as a way to raise additional capital for their dealsThe above can be divided into debt or equity.

I would have gladly paid the extra meter and impact fees to be provided an additional meter but that was not possible.

However, that comes with a bunch of additional rules and regulations.

Not sure if this would be the exact section to put this so sorry ahead of time if it isn't.I was hoping to discuss the idea of making an additional principal only payment on my mortgage every month.

There's 325 new units coming live in Maple Valley right now, plus an additional 5,000 SFH being built in Black Diamond and that's just within a 5 mile radius.

I’ve discussed with my lender the option of a 203k loan but my question for you is does this loan only cover renovations to update an property to FHA guidelines or can it be used for any renovation to the property such as additions?

In addition to the loss of $300 per month, there are risks to being a landlord.