Lo, and behold, my clients at the time had lots of children that were exactly 2 and 5 years old, I had lots of clients with 16 years of education, lots of houses built in 1965 exactly (not a year older, not a year younger), and yup lots of whimsical imaginary numbers for the values of other real estate they owned. 

My last design for multi-plex was about 240 hrs from template through too complete final rendition checked off by all, that started from a template I had handy AND was in a style I have built for over 20yrs, I could draw it out with my eyes closed.

The house is in a great location and will not have major expense (house was built in 2000, have new laminate floor, AC, and interior and exterior paint in 2015).

With a cash out refinance, the extra equity built up in a property either through renovation or through rise of prices in the property market, is taken out by obtaining a new larger mortgage.

I built the building to have ~3,000 sq ft of tenant space available.With Covid and other things, nibbles on potential tenants has been far and in between, but recently have two very interested parties....and I am not sure which set up may be better long run!

I have strong credit and would be able cover the costs in the case the rental situation doesn't come to fruition, however where I am hung up is #1 - comping out properties in these more rural areas where there is lower volume and inventory to compare on a $/sqft basis let alone if the information is available and #2 - the majority of the properties I am looking at are older (built 1960s-1980s) some have cosmetic renovations but likely still old bones..this brings me to the my final point is building your 'team' I how have others found reliable inspectors, handymen, emergency services contractors, even cleaners for rental properties?

At the moment I'm working on a new-built project (a largish urban apartment building) that has small units but devotes significant valuable space to indoor and outdoor common areas. 

I paid 200,000 for a property currently worth 206,000 at best and needs about 6,000 in repairs to be rent ready so essentially I've built a situation where the only profitable outcome is to hold.

We have fixed multiple areas of the house including electrical, plumbing, added washers and dryers, added solar powered security lights, built an office, built a patio which increased the value of the house.

Egressed a basement window to code, expanded master bedroom, built island, added dishwasher, added new washer/dryer set, sewer repair, new electrical box.