I did not have most of these on my short list.  

We should be closing in a few weeks but we are still at phase one.

We are focusing on areas 45min-1hr outside of Charlotte.

Well, my response is 'How much short term borrowed money did you and your company have in 2007?'

The exception to this rule would be if you are planning to do a short term rental, in which case you should approach renovations with an entirely different philosophy.I run a meetup in downtown Matthews called South East Charlotte Real Estate Investors and would love to have you there - our next meetup is April 1st at Beer Temple in downtown Matthews.

I’m not sure the specifics, but, we are currently doing/have closed many recently lower than that on 30-year fixed DSCR loan (individual or portfolio).

Once I fix up the basement, we are hoping to rent it out for about 1,300k which will be my monthly gains. 

Listed Rent would be between 3500-4200 per month depending on a local property management company strategy.We have assessed our budget and goals while in Europe and would not want to maintain a mortgage in USA (vacant) AND a rental payment in EU.further details: we are 3 years into the loan at 2.625% int, primary and only residence owned, house will need 2 new AC in next 2 years, water heater, and driveway repairs, would only rent with a property management company as we will NOT want to manage from abroad. 

New investor here looking for some advice - I’ve realized that my ideal property is a home with some type of ADU so that I can rent out the main house long-term and use the ADU for short/midterm rental. 

As responsible Real Estate Investors,  we want to educate them on their options:  Mortgage relief programs, loan modifications, forbearance, short sale, etc.