However, when you sell it, will the assessor consider the additional square footage in the assessed value or only use the permitted square footage? 

When you scale to 5+ properties, issues and the cadence of messaging will increase 5x.

Selling now means you could miss out on potential future gains.Market conditions: If the market is currently down, you might not get as much for the property as you would in a stronger market.Option 2: Get a Loan to Fix the BasementPros:Increase property value: Renovating the basement can add significant value to your property, both in terms of rental income and resale value.Higher rental income: With the basement fixed, you can charge market value rent, which could help cover the mortgage, property taxes, and the cost of the loan, with the profit potential.Tax deductions: The cost of renovations can often be deducted from your taxes, either through depreciation or as an immediate expense, depending on the nature of the renovation.Cons:Additional debt: Taking out a loan adds another layer of financial obligation and risk, especially if the increased rent doesn't cover the loan payments.Renovation risks: Renovations can sometimes uncover more issues that need fixing, leading to cost overruns and delays.Market risks: There's no guarantee that the market rent will remain high or that you will find tenants willing to pay the increased rent.Additional Considerations:Current Market Analysis: Understanding the current real estate market in your area is crucial.

Some issues that I see with your plan1) What do you plan to do with your unit in Oregon while you are living in Washington?

The real issue is If you cant pay your mortgage without the help of a rental, you bought way to much house.

You made an offer for both properties for $300k, then the inspection revealed lots of issues needing attention, though not major ones, so you offered $280k asking for a reduction in price.

And not just that, lets say we pass 2023/2024 with lot of foreclosure that we expected.Lets say we move forward to 2033, Fed rate at 2033 lets say 4%, cap rate for apartment 3% (after going down from cap 6% in 2024), we would hit the same issue again and by that time, most of today's GP would move to different job or industry anyway, or retired.

Keep in mind, unexpected issues may arise, so stay prepared to adjust and adapt as needed.

A search and seizure warrant was signed off and issued for tenants son who resided at my property from evidence I assume acquired by law enforcement.Need eviction attorney recommendation:This started out as a termination for the lease clause mentioned above.

Over the last 3 months, I have had two issues with the pump impeller getting lodged with baby wipes.