It is a comprehensive undertaking.

It can be a big undertaking, although there can be profit in it IF the numbers are right and IF you have done your homework to know what you are getting into (both big “IFs”).

@Ali AhmedYes there is a formula; you take the anticipated rent increase, in your example we will assume $500 for the math, and multiply by 12 (returns are always calculated annually); take that number and divide it by the cost of the project ($10,000) and you get your ROI (return on Investment).Formula is: annual increase / project cost = ROINow, you have to decide what return is worth it for you to undertake the project.

Undertaking neglected repairs is just part of your job as landlord. 

Flipping is such a HUGE undertaking with so many moving parts; props to you for taking action and getting started! 

I understand that this is a significant undertaking and requires a contractor with specific expertise and experience in handling such extensive renovations.

This is a big undertaking and the legal fees are steep. 

Fire damage repair can be a big undertaking.

There can be good profits in it, but It can be a big undertaking.  

It was a huge undertaking, which we knew at the time, and at one point I thought we were in over our heads.