As we want to scale our fix and flip business and rental portfolio we do want to start raising private capital.

I think that if you have a choice of making it into a third bedroom and private bathroom with its own entrance.

The thought is that the potential buyer can walk through the property with the listing pulled up on their phone and have an example photo of how furniture could be laid out rather than having to actually see it in the property.  

That defers your capital gains tax.Meanwhile, you obtain a loan from a private lender that the dealer will introduce you to.

His father bought a multifamily under a private mortgage 42 years ago for about 35k.

That photo is from a newly renovated house here in Atlanta, that was just listed.So, obviously there are some rehabbers that think they're adding a gteat feature, but aren't thinking it through.

In my estimation, there are two potential paths.1) You can use Cash (not paying or paying minimal to borrow on HELOC or private $) and go the Weekend Warrior route.

Traditional financing with rehab cost being provided by private capital.

You need a good source for local landlord tenant laws, a  reserve account for the unexpected, setup a payment tracking system, find a handyman, set expectations with your tenant about what constitutes a valid emergency, have the tenants sign a "walk through" list with photos of the condition of the house, make sure they have renter's insurance, 

@Hadi Babaei Is this a private development...with HOA?...