Other potential requirements are size (10'X10' as one example), having a closet, having heating to the room, having proper electrical outlets in the room, etc.Look up your local municipality building codes to ensure you have it as a legal room with permits so it can be added to the assessed details/title.

tenants pay all utils. including trash/water/sewer/etcPITI is $370/mo ; rent is $800   I was able to get this  home withotut a down payment.. we got it out of the estate's name.. then brother quit-claimed his portion to me.. i then  did a cash out "refi" to pay out brother.**3**the "plan" was to wait until spring 2022 to purchase the next adventure(seems as all my tenants are on M2M  i cannot use the rental income until it hits my Sch E, so had planned to wait until after taxes)but i never stop looking and found a duplex in the next town over (Racine, WI)Another over/under Duplex ~ 1,000 sq/ft per floorLaundry/storage in basement, small garage as listed tenants were paying $675/$69525% down as it  is an investment on $150KPITI+water is ~$900/mo  gross rent is now $1695/mo and still has  room to grow.

I realize there are many rates which vary by the length of the loan, size of loan, LTV, DSCR, etc., but any of these rates would work for me to track the direction these rates are going in.Any help would be appreciated! 

Yes that is not bad considering the loan size and that it is a rental home (at least from what I am seeing out there).

-Wholesale Price, Repairs, Asking Price, Bedroom / Baths, Sq Ft, Lot Size, Little about the neighborhood, Link to photos, A couple Comps, a number to reach youIn regards to photos / presentation of the email, what have you found works well and gets a lot of responses?

What size of a project should i aim for? 

Large addition in 1975 tripling the size of the home here is the link to the home.

I would tear down immediately (reclaiming or selling only a small portion of materials).

@Aaron Palao You'll generally need a net worth that's equivalent to or greater than the loan amount, liquidity that's equivalent to  or greater than 10-20% of the loan amount, and experience on similar sized deals. 

If you are investing in a nicer area, medium to higher-income residents, then a decent sized portfolio of single family homes can be beneficial in two major ways1.