Insulation: Another important consideration is insulation.

There's plenty of investors who get involved with business loans believing they are completely insulated or the business is solely reviewed for credit approval.

.– Insulation and HVAC: Many pre-1978 homes have poor insulation and drafty windows — energy costs can be higher than you’d expect.Bottom line: none of these things are deal breakers, but they are budget items.

Paid, the most actionable walkthroughs I’ve seen are from Bryan/Anita at RJM or Project Management courses that include scopes, schedules, and draw management; if you buy anything, make sure it includes a printable sequence like demo → structural/rough‑ins → inspections → insulation/drywall → finishes → punch.

So much work to be done down there starting with all the stuff, furring out the walls maybe to insulate.

It may look like a quick refresh on the surface but people can do some weird stuff like blowing foam insulation into electrical outlets and running an electrical cord underground from shed to house.

The other issue is top-bottom floor noise insulation & possibly fire-proofing.

Everything would be insulated and I would have a rat slab and heating/ac down there as well.

The biggest challenge was that the house was build more than 45 years ago and only had one owner, hence there were a LOT of old things and piping and wiring and insulation, and so on.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

We're lucky to be so insulated that regardless of the market cycles, we're able to adjust and maintain multiple strategies.