In addition, it can be of great value with a hard-to-sell home, like on a busy street corner or backing to a shopping mall or something as it will attract buyers who may not qualify for traditional financing so they may be more willing to purchase at seller's price if seller finances.   

I feel like people are going to Vegas to gamble the sports are an after thought or in addition to, not the primary focus.

I do a cash out refi and pull out $50k to put an addition on my residence. 

That is a massive amount of monthly debt to have in addition to your primary mortgage and any consumer debt that you would have.

OURS is the lender.THEIRS includes the additional third party charges from others required to close this transaction... title company for sure (closing + lenders title insurance) and it's possible that outside attorneys are preparing your loan docs.

I just want to add an additional bedroom and bathroom (a master suite).

So if you buy at 70% or ARV minus repairs, the financedd amount will be enough to cover repairs and an additional 5% additional.

In addition, there's other factors investors look at... 

If so, that's an additional $150/month to add to your expenses.Best of luck, do your due diligence, and feel free to reach out if you'd like broker representation, I'm confident one of my investor focused agents can guide you well.

There's always an certain area in town that they rent from , but the next idea I had was changing the basement into additional space but how would I pay for a renovation such as that and how would I be able to label it as a true 3-4 bed room house ?