We recently did a cosmetic renovation for a client for about $27k, which didn't include new kitchen cabinets or countertops. 

After buying and selling over 1,000 properties for my own inventory, hundreds of which came from REOs,HUDs, VAs, Tax Sales and Sheriff Sales, I have some experience in this area.1.

New paint, outlets, lights, and cabinets.

But understand the type of risk could be the exiting tenant having poured cement down the drains, no appliances, no cabinets, a leaking roofs with mold inside the house, no AC,  or squatters having lived in the house with untold 'grossness' being left behind for you.  

Justin - i, like I imagine hundreds of users on this forum, have been in exactly this same position.  

We added $40K-$50K refinishing the hardwood floors, removing wallpaper, painting walls and updating the kitchen & bathroom with new cabinets, adding granite countertops and creating a BEAUTIFUL dining room off the kitchen that was wasted space as an enclosed porch, and also added french doors leading out to a newly-built pre-finished deck we added so the new owners could enjoy their gorgeous fenced in backyard.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

On a forum such as this where hundreds (?)

I'd be able to make a couple of hundred a month that way, but I lose a lot of tax benefits.My preference is a lease option, but I'm struggling to price this out.

Transactional messaging, such as order confirmations or shipping updates, also requires a distinct opt-in.Businesses that violate the TCPA can be fined per violation, with penalties ranging from hundreds to thousands of dollars.