After a visual inspection, discovered that it was the floor and not the foundation.

I've purchased a couple of SF rentals and used a proforma spreadsheet to visualize the long term numbers.

You probably want to sync with an Ohio CPA as well to confirm tax treatment advantages.

Your first impression with a buyer is now digital and a great visual representation is crucial to marketing your property. 

We upgraded the carpet to vinyl flooring, did a bunch of treatments for the smoke (vinegar, ozone, Killz), repainted the cabinets, and installed some cheap upgrades throughout.

Your understanding of capital gains treatment is incorrect so please talk to your accountant.

COMMISSIONER: Frequent and substantial sales of real property more likely indicate sales in the ordinary course of business, whereas infrequent sales for significant profits are more indicative of real property held as an investmentTips to get capital gain treatment on the sale: A) If you have an actual investment property and you are a dealer: Maintain separate bookDocument intent to hold the property as investment property in Minutes or other documentsReport expense as investment expense on tax returnAlso use separate entities.B) Insubstantial Nature of the Real Estate ActivityThe frequent buying and selling of real estate indicate the taxpayer is engaged in the trade or business of real estate sales.

Hi Apurva,53 units -- It would be smart to talk to an Architect who does multi-family (In your general area) about the cost of doing a restyle as well as colors.Especially if you choose a Hardie (Fiber Cement type) product.With Hardie (Type) products, read the upkeep instructions, some require re-applying the joint sealers (factor that into your maintenance budget).Also with Hardie (Type) products there is a service life to the color...some come pre-colored, some your contractors must paint on site, (some require priming of cuts when installed)---talk to the Architect about the maintenance schedule and the CAPEX for this.Hardie makes big sheets of this for multi-family that Architects can use for visual effect and ease of installation.With 53 units--springing for an Architect to help with this would be intelligent.Good Luck!

No moisture testing was performed at this time.On 9/9/2022, they came back and did a Visual Inspection.

My pest control guy hands them his card for future treatments they can pay for.