If the kitchen needs an upgrade or the bathrooms, or flooring then you could add value to the house and potentially cash out refinance or get a HELOC based on the new value and use that for more upgrades.

At the same time, the adjacent house became vacant for the first time in seven years, and it needed new paint and flooring.

I have 2 story house with the basement. 3/1 with opportunity to add second bathroom on the second floor.  

On the other hand, if a client hires RES at the tail-end of an existing lease and knows full well that their rental property is falling apart and needs everything from paint, flooring, blinds, other repairs, landscaping, etc., we will not under any circumstances spearhead this project.

Three floors, an attic, basement, and main area.

Hi BiggerPockets community,We have a MTR that we rent the main floor and lower level separately to traveling healthcare professionals.

Purchase price: $116,000 Cash invested: $27,000 Sale price: $187,500 Replaced kitchen, updated bathroom, drywall repairs, paint and flooring.

The tenant on the first floor was there 5+ years prior and rent was far below market(they were M2M and I believe around $1200 and market was $1600). 

New vinyl plank flooring and carpet were installed throughout the home, all of the electrical outlets were replaced, and the A/C condenser and compressor were replaced.This property is currently listed for sale!

Investment Info:Single-family residence buy & hold investment in North Little Rock. 2021: new metal roof, painted the interior and exterior, sanded and painted the kitchen cabinets, and installed a new furnace.2024: New new vinyl plank flooring and carpet were installed throughout the home, all of the electrical outlets were replaced, and the A/C condenser and compressor were replaced.This property is currently listed for sale!