They protect your wallet.Oh, and +1 on stashing extra tile.

Just make sure your basement project is done with permits and quality finishes so the appraised value reflects the upgrade.

An extra $20 tip goes a long way and they remember that when they come across a house that might be a good deal later on.As for paying for leads, I feel like that is counter productive.

The property they purchased was a primary residence for the student, and they rent the extra rooms for positive cash flow. 

It’s not a huge loan, but I don’t want to risk losing the property over just a couple of extra months.Any advice, contacts, or guidance would be greatly appreciated.

Typically the spread for him has to be an extra 50K or so.

The key is making sure the rental covers the extra debt and you have an exit plan (refi into fixed debt, pay down and etc.).

Be cautious of excessive markups on upgrades; get detailed quotes and compare prices before agreeing to extras.

It took him 5+ weeks, he was consistently rude, yelled at us, called us “cheap”, and now he’s threatening legal action over $200 even though he still hasn’t sent any receipts for the extra charges we never agreed to.

Pay the extra $500 - $1,000 to get a quality report, with high audit defensibility, where the cost seg firm took time to prepare it.