You want to feel confident that in the way the lender determines value, that the addition of the garage will increase value with their methods?

Hi All,I came across a 5-plex that is zone as R5 and the seller is saying that there is a potential to add 1 additional unit making it into a 6 unit complex.

There's a ton of articles out there about additional lease addendum's you need to have which are not covered in a standard lease. 

Hey all, I am considering a 4000 sqft 2 family house with a full basement that I am looking to turn into an additional legal unit.

@Ayen Lee you don't have to inform the Mortgage company, they will be notified by the Insurance company :>)Kidding!

On most of our rehabs, we add SQFT with an addition or by closing in a garage or carport (perfect example here: https://www.biggerpockets.com/forums/311/topics/55...).

With all the repairs there's no way they're getting a mortgage on this place and its heir property that the widow owns with her kids, so she doesn't want to owner finance (trust me, I checked all the boxes to try to make this deal work).

I would want nothing more than to get started now and me being a college kid, I don’t have any sort of capital.

Honestly, it's been a great property to own so far (I know the time is limited)  and the current tenants, on top of paying their own utilities, handle a lot of their own maintenance, too.As an investor I'm in full acquisition mode and looking to acquire additional properties, deal permitting, and scale up swiftly. 

These are professionals with additional training and a stricter code of ethics.