Is your annual profit including tenant turnover costs (1 month fee, 1-2 months vacant, any turnover/repainting costs) - how long do they stay on average?

We had to replace drywall, repaint floors, and change flooring throughout multiple areas of the home. 

repaint, change light fixturesWhat was the outcome?

Updated kitchen, repainted walls, updated vanities, bathroom floors, kitchen floors, updated windows, and re-stained the patio What was the outcome?

Updated floors, repaint, restain, updated fixtures, an cabinet pulls What was the outcome?

Repaint 2.

So between July, 2007 and June, 2013, my wife and updated the kitchen and bath, replaced furnace and water heater, had the exterior repainted, and sold if for $1,500 LESS than we paid for it.  

I am saying if you are appreciating at 9,100/yr and you have a special assessment on a new roof, or exterior repaint, or something like that.  

When it comes to repairs, here are a few of the most common for rental properties: Repainting Gutters Leaks Plastering Broken windows Minor roof repairsSimilar things are present when it comes to maintenance: weatherproofing, heat, water, electricity, clean premises, etc.By following simple procedures and conducting a regular inspection can help maintain the value of your property and keep the tenants safe.What are some other items you would look for during you routine property inspections?

I was planning on painting it if possible.....Hi Erika,If it were mine, I would not paint the stones or bricks.Not all paint sticks to brick, and you are taking a maintenance free surface (low ongoing cost) and making it into something that will need to have money spent on it every so many years to repaint it.