This update is crucial to ensure lenders recognize the increased value of my property, especially since I have equity in the home and am looking to refinance at an opportune time.Is it necessary to hire a licensed general contractor for this type of project?

This would normally depend on the condition of the property and the Condition of the tenant.  

Please try this one:  https://www.meetup.com/sfbayre/

John is right about the enemy method, its the only accurate way to estimate revenue.The blanket estimated revenue amounts on analysis websites like AirDNA can be a decent baseline, but generally include too big a pool of properties to give a very precise estimate.The way I use the enemy method: Sign up for a pricing software that has market analysis (I use PriceLabs but most of the pricing softwares have this feature).

I'm a territory manager for a telecommunications company, and driving through the Newburgh NY I forsee a huge upside in this neighborhood.  

I do not think this is a one size fits all answer and there are times where private lending is preferred over traditional financing.

I’m 2 months into using this program.

As we are in Q3 of this year, I am noticing some shifts in the market.

Note that  if this goes well, I would want to continue making deals there.2.

This could include rental properties, REITs, or your primary residence.Fixed Income: 15-25%This includes bonds, CDs, and other low-risk investments.