Historically used online software without much issue.Now that I'm looking at the settlement statements from 2004 and looking at a sizeable depreciation recapture hit, I came across a number of questions / issues:1) I believe in 2010 I incorrectly set my basis (I did not include the parking space and upgrades to the units - granite, flooring, etc.).

However, driving rents higher will likely take a significant amount of cash to upgrade the units.  

I still think they need to upgrade their security for me to trust their system again but at least their customer support was able to sort it out, just took some time.

One thing to note- the building is older (built in 1922), is considered in a historical district, and although each unit has been fully renovated, I have not upgraded all the electrical/roof and plumbing, so that's on the older side which I know is more challenging to get insured... 

It will save you a ton of money upfront and you'll gain the experience to upgrade to larger deals.  

If you’re below $275K, focus on high-impact upgrades like improving curb appeal (landscaping, fresh paint), refreshing the kitchen and bathrooms (new hardware, lighting), or adding energy-efficient features (smart thermostats, LED lighting).

@Andrae S Wiggins recommend you upgrade your BP membership to Pro to access the BP Calculators to evaluate rental purchases.Play with the numbers to figure out the purchase price that gives you your target ROI.That's the number you'll need to make an offer at, NOT what the seller is asking.Yes, you will get a lot of rejects, but whoever said investing was easy?

I think I will not let him make this upgrade as a 5 year payoff would require over $100/month additional rent.  

It's a cluster, with months of uncertainty, and in my case 10s of thousands of dollars, because we had to upgrade the septic to accommodate the fourth unit, as if it wasn't working already.

@Les Jean-Pierre Had Section 8 tenants and got a bunch of energy upgrades through a state program.