Probably not that appetizing to think about taking on a mortgage again, but it could be a way to breath fresh life into the properties.

I think it’s terrible siding, but then again it’s hard to imagine it with fresh paint.

I typically do only minor updates (fresh paint, new fixtures/carpet if needed, & outlets (to freshen the place up)) however on my last one I did a much more extensive update (flooring, doors, bathroom & kitchen) while expensive, I think I’ll make it back over the next 5 years because I was able to increase rent on the unit by over 50%....I’m sure there are folks with more experience than me, but just wanted to share how I approached the decision.

., You need to budget way way more for CapEx and Repairs and Vacancy probably as well.Is it freshly rehabbed?

I recently walked away from a house I had under contract because the walk through revealed problems that killed the comps.

The location is great, and it is freshly renovated. 

Purchased price:  $111,000.00  (1 bed condo)I spent another $3k on stainless steel appliances, fresh paint and backsplash. 

Since our purchase the market has started to level out but noticeable increase in the value of our property nevertheless. 1 month of sweat equity and a fresh paint job, the place looks pristine. 

I purchased a property and lived in it for years before I changed insurance companies and it was revealed that I wouldn't be insured until the Federal Pacific circuit breaker was replaced.

Verse a fresh small horizontal crack in a basement wall indicating that the basement wall has started moving which may continue to move until it is stabilized or the wall fails.