First though, we'd like to up the value of the house by remodeling the kitchen and bathrooms, also replacing the carpet and vinyl floors for hardwood.

My potential tenants usually have bad credit, work minimum jobs or cash jobs and don't meet the income requirement but will complain about the unit not having an island, or no central air/garage, or a neon green bath tub (everything else was remodeled).  

Home Advisor Remodel Costs

  #1 Federal Historic tax credits will ultimately return somewhere between $15,000 - $18,000 in federal income taxes next year #2 Historic homes have character that short term renters value & will pay additional for in their short term rental experience#3 Completely remodeling a home with high-end finishes will probably not pay off for long term rentals, but does seem to in the short term market. 

Lived in the house while my wife and I remodeled it.

We are currently remodeling it.

We are currently remodeling it.

Since getting here we remodeled a manufactured home in La Pine, OR, and sold it right away.  

I’m a realtor and also own a remodeling company here in KC.

Nice neighborhood (here in South Florida), freshly remodeled, looks like she bought it as a flip.She has agreed to my terms- I'll meet her price (as it jives with market price), she's getting $5k down for me, and I'm giving her $1500 a month.