By way of example, I picked up an oceanfront condo in March for $640K, minimal work needed to be done, only changes for my aesthetic/brand purposes and here they come turn key so only updated what I really needed to (which also gives you an opportunity to cost segregate).  

I recently remodeled my property in Las Vegas, and I’d like to update the photos on the online listings to reflect the renovations.

Then I sent them local updates consistently.  

Stay updated on market trends, interest rates, and the Dallas real estate market to leverage assets and grow your portfolio.Good luck!

If the property is fully leased and operating well, like your situation, the numbers might not make sense.A few questions to think about....Deferred maintenance or layout issues: If you already need significant updates, the conversion might be a good opportunity to reconfigure the space.

- Is there a lot of updating that needs to be done to the unit?

If there are communication or project update standards in the legal docs and they are not meeting those, you may have some room. 

. - A nearby similar property just sold for $350K but was updated.

Quick Raleigh Housing Market Update for September: I put this together so you can stay in the loop if you’re looking to invest or house hack this year.

Good luck, and looking forward to the updates!