Renovating a rental property

[Ryan Guthrie]

Hi all,

Looking at a SFH that needs new flooring, kitchen needs to be updated, paint, etc. Does anyone have any experience purchasing a rental property and renovating? I don't want to load the house with stainless steel, granite, hardwood, etc but I also want it to look nice and be competitive in the rental market.

If it helps, the neighborhood is middle class, and homes are around ~150k. This home is about 1200 sq ft, 3/2.

Any tips regarding updating a SFH? This is my first renovation. I am going to try to do as much as possible myself. Any and all insight about rental properties, renovation, etc is appreciated. Thanks in advance.