How much do I improve or rehab?

[Kevin Felmlee]

HI BP. I do a lot of rehabs for Buy n Holds. My next one will be a long term hold as a rental due to various reasons. I could get crazy with this one such as: switch from oil to gas, new HVAC and add central air, windows, kitchen, bath etc. But as a rental; how far should I go? Can I recoup the cost of adding central air in rent (higher)? Does anyone have any "studies" that show the top 10 thing that SFH renters want/desire in their property? I know certain investors limit all maintenance items such as CA, disposals, dishwashers etc. but I'm eager to hear the consensus out there. Thanks in advance for any advice.

[Rosston Smith]

Improve to equal or be slightly better than competition. Don't go beyond what your rent will support.