The right solution depends on the specific layout, travel distances, stair enclosure and rating, window size and sill height, and how the jurisdiction applies IBC and the NYS code for an additional dwelling unit in an existing building.Whether it is worth it comes down to a simple feasibility and ROI check, the all in cost and timeline to legalize, versus the increase in stabilized rent and appraised value.

Absolutely been posted many times.Also you lose your deductions later because you pulled them forward.

@Jodi Rhoades, the 30–60 unit deals that pencil usually never hit the market, so I would recommend you pull a list of owners in your target area and call/mail them consistently with a simple “I can close and I’m flexible on terms.”

Garage conversions can hurt resale - I'd check if they pulled permits and what similar no-garage houses sold for recently.

.- May not have the systems to avoid major issuesPMC Strengths- Multiple admin staff to better handle workload- More expertise (if you hire right PMC)- Have the "density" to invest in systems to get rentals more marketing exposure, better vendor pricing, better tenant screening tools, better delinquency solutions, etc.Weaknesses- May not pay attention to same metrics as owner- Getting more & more difficult for one person to know everything about 100+ doors- Bigger companies=> more red tape and right hand not knowing what left hand doing

Organized buyers with clear processes get first looks.Data & tools:List tools like PropStream/Batch can help, but deals come from solid comp analysis and confident offers — not just pulling lists.CRM:Yes, early — but it needs to be real-estate specific.

One option is the outbound marketing approach, which can include pulling data, cold calling, texting, door knocking, and several other strategies.I’m happy to speak more about what has worked best for us and what enabled us to build a full-time business in wholesale real estate!

We get it appraised for 400k and I want to cash out refi at 75 percent to pull all my capital back out.  

My rentals I purchased whole saled which didn't leave much meat on the bone to refinance and pull cash out leaving too much money into the deal.

It can tell you if building permits were pulled for remodeling, roofs, furnaces, etc.