Additionally, thoroughly research the local real estate market, economic conditions, and renter demand to make an informed decision about whether the condo purchase aligns with your investment objectives.

Overall, we were able to create a new product, offering a first-floor Main Bedroom Suite and three additional bedrooms on the second floor.

For us, our current investment strategy we take advantage of, is primary home loans by moving out and renting the previous one and purchasing one additional property every year. you're able to buy a single family home or a multifamily up to 4 units every single year.

Of course that increases with thickness, the addition of insulation boards, radiant heating, rockwool, etc.

Just soaking in the info.

Additionally, the strong job market and growing population point to continued demand for multi-family units.

Thank you so much for the info. 

In addition to ensuring that the room is built to the proper load bearing capacity as @Mike Reynolds mentioned, you should also keep in mind that you need a second egress point, such as an egress window, for any habitable room especially if it is designed for sleeping purposes.

Additionally you want to model out a vacancy period at the end of each lease term, to be conservative. 6-12 month vacancy factor is common.

I’ve run into a dispute with my property manager and am hoping to hear how others might handle this situation.The property manager just turned over a nicely updated apartment and in addition to the normal repairs and painting, installed new 2 inch blinds and ceiling fans in the apartment.