I personally would have to have one of the windows replaced before I'd feel comfortable renting it, but that's just me and based on personal experience including a traumatic one from childhood in watching the apartment building next to ours burn in the middle of the night.

Replaced both toilets with brand new ones, replaced the 2 car- garage door with a brand new one, had all the walls freshly painted, put brand new baseboards in, and had the kitchen cabinets painted as well.

A subsequent cash-out refinance of the replacement property (e.g., $250K on a $1M property with a $500K loan) is treated as a loan and generally has no tax implications related to the 1031 exchange.

I require tenants to replace consumables like refrigerator filters or HVAC filters.

.- My Goal: to have $10k/months of income to replace my day job.

What I am seeing is older residential units being purchased, eventually torn down and upscale apartments replacing them.

Welcome to the community and be ready for a huge amount of information at your finger tips.

I am replacing all 4 toilets.

What are your tips on finding and evaluating areas to purchase?

I am planning to build a business to replace my income in couple of years so as to have monthly cash flow equal to my W2 income.