After buying these new rentals, he will still have about $90k in cash to spend on upgrades and furnishings.

It brought in 120k last year, but I think we can bring in much more as we do upgrades including adding an extra story on top and as we run it as a bed and breakfast.  

It’s worth calculating the total investment (purchase price + wiring replacement) and comparing it to what the property could yield after the upgrade.

@Roberta Allen - i purchased with the upgrades.

And if you do upgrade, you get an additional $50 in your wallet.To get access to these benefits, you will have to link your BP Pro account to your Invelo account.

Like any city, there is dilapidated housing stock in rough areas that can cost more to upgrade than they are worth. 

A 4-plex would be ideal and you could play around with doing 1 long-term, 1 mid-term, and 1 short-term, plus you, if it works on your area to upgrade your income.

Before committing to paying off the property, analyze whether there are ways to optimize revenue, such as better marketing, adjusting pricing, or upgrading the property to attract higher-end guests.Return on Capital: If you pay off the mortgage, the “return” is essentially the 7% interest you’re saving.

Seems like you may need to upgrade the rigs or something kind of fun. 

Things wear out over time, require updating, upgrading, replacement etc..