If you still like the deal with those conservative numbers, then any extra function from the converted room is just a bonus for tenants or end buyers.

Speaking with one of our attorneys she mentioned the largest area of defaults she has seen is in SS space as it got over saturated in some markets and rent appreciation has not been as advertised.

We've worked on more than 20 sober homes in Massachusetts and currently operate the largest portfolio in the state.Would be glad to connect and hear more about your experience.

What is in it for you is not just the bump in monthly rent but also a boost in overall property value, since a larger, more functional lower unit makes the home more versatile to buyers down the road.

We had to track down our payment from our largest PM this month and this was not something we anticipated from a cash flow standpoint.

Decks usually aren’t my favorite because of their maintenance costs, but in this case it created great outdoor living space that made the home much more enjoyable and functional.

Exploring other options like Appfolio or Apartments.com which might offer the balance of support and functionality you need, is a sensible approach.

Everyone here seems to have great insight/advice, I will see what I can do to help as well.At $7,500, assume that your mortgage doesn't change, and you are able to maximize rental growth, you are still ~4 years from the break even point, from a cash flow perspective.There are a few ways to reduce costs along the way: Renegotiate your homeowners insurance to ensure that you are getting the best rate, if you are covering utilities I would look into Solar and any form of water rebate, and if you are not self managing you should start as this can be your largest savings.We are likely still a few years away from interest rates being low enough to make a refinance worth it.

Quote from @Geeta Bihari: Cash flow will be a function of how much money you put down/amount of leverage you use. 

The contractor and dumpster were my largest expense.