Capital expenditures (CapEx) refer to significant expenses used to acquire, upgrade, or maintain a property, extending its useful life and increasing its value.

I'm optimistic that Air Force base upgrades (North) and the Trinity hospital development (South) will create a positive growth trend over the course of the next 5+ years. 

Do i need to upgrade the breaker box from 100 to 200 amps? 

If the 1940s wiring is original then it is definitely due for an upgrade.

Conscious / compassionate  was my mantra and I have been blessed with more than expected because of it. 

However I'm just looking for a "vibe" from some pros, experienced investors or people familiar with the area out there who'd be willing to give their 2 cents of the potential value with some caveats/details of the home as follows:- 2022 Home Appraisal valued home @ $1,100,000- 1st 2BR duplex unit rent=$2800, 2nd 2BR duplex unit rent= $2150, 1st 1BR unit rent=$1950, 2nd 1BR unit rent=$1800- All units have washer/dryer- 3 of the 4 units have been upgraded (new floors, appliances, etc.) in the past 5 yrs.- Both boilers installed new 2017- Both electric panels upgraded 2015  - Shared Backyard access for bottom 2 units- No Parking, No Central Air- House built before 1900- Roof about 20Yrs old- Assume Fed cuts rate at least .25 point later this year Any thoughts would be appreciated.

However, today, homeowners are allowed to execute a buy-out clause that simply pays the full amount of the upgrades done by Curbio.

There are way better returns to be had in the market for a similar amount of work.The only other thought regarding keeping the property is what the condition of the property is and if he could upgrade it and get a significant increase in equity position before he sells. 

Generally speaking, if your investment upgrades or adds to the property, it is a CapEx.

I normally advise buyers you don't want to rehab to get rent ready before the 2 year issue is resolved, because the previous owner would not need to pay you for the updates/upgrades/reno.