We have upgraded this property a decent amount from an aesthetics and general cleanliness standpoint, and put about $7,000 of work into it to begin with (new countertops, a few appliances, new carpet, paint, and tree removal).

For myself, I've found a GC who's done whole-house rehabs and is experienced in the types of upgrades for areas that will help them sell faster.

Thanks all, one thing I would like to add id that this guy has put in new hardwood flooring and perhaps other upgrades without permission.

The average rents that I have seen for either a 2 bed or 3 bed row/town house has been anywhere from $900-1200 depending on the cosmetic upgrades and features (i.e. garage, outdoor space, etc). 

Get them rented (possibly even offer them to the current tenants so he could upgrade those units, too).What percentage of the units are rented? 

I would be more concerned with upgrades and general condition of the property.

To answer these questions, here are some of the top upgrades any landlord can make to appeal to the Millennial generation: Get OnlineDid you know that most Millennials don’t own a checkbook?

Eventually we want to rent the current residence out and upgrade so I haven't wanted a high mortgage on it. 

I waited until  after right of Redemption to do my upgrades like granite countertops and redoing the bathrooms floors and countertops because if the owner came back I would not recoupe any upgrades only the repairs.

That can work.I'm wondering if you can somehow creatively do this deal where you pay an extra $5000 for this new condo, but have $5000 held back by the seller for you to do some kind of upgrades, but then just use the $5000 to pay down your original condo so you can get to 80% LTV in order to drop the PMI insurance and refinance at a more realistic rate.Is that HOA monthly?