@Rob Cucugliello - This is a very state specific question as its dependent on state specific landlord-tenant laws.

Purchase price: $60,000 Sale price: $87,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Mark Raby, successfully completed a deal on Garfield Street, Sioux City, IA.

I have been living in a duplex househack that I purchased in 2021.

Rates for DSCR on a purchase today with good FICO should be in the low 7s so just run Market Rent Divided by estimated PITI and if you're above 1.0 then you don't need to worry about the appraiser's opinion of that basement (my gut says appraisal gives no credit to projected rent out of the unfinished basement... but perhaps it doesn't matter?)

Eric - See below for my initial thoughts:- The ARV seems a little low for my liking relative to the initial purchase price and renovations.

It's difficult navigating the home purchase process in general, but a lot of more difficult buying something with costly surprises you didn't plan for. 

You can meet flippers at meetups or try to obtain a list of people who have purchased houses for cash in your markets, then call them and see if they are interested in more.

Purchase price: $255,000 buy and hold, rental, Las Vegas

Purchase price: $251,000 buy and hold, rental, Las Vegas

Purchase price: $9,273,500 Cash invested: $1,854,700 https://marinadelrioresidences.com