It's a 4 bedroom SFH for $325k, built in 1990 and it's got many upgrades including a 2024 roof.

In primary we use upgraded glass doors on the shower . 

Many laundromats take card payments these days, which is very helpful in verifying revenue.Look at the lease terms – long-term leases with reasonable rent increases are important for keeping costs predictable, and can also be important for securing financing.Also, check out the equipment and figure out what repairs or upgrades might be needed in the near future.

It wasn’t how I wanted to kick things off, but I worked with a contractor to get the bathroom fixed and functional.Once that was behind me, I focused on improving the building and maximizing income:I installed a shared washer and dryer for the tenants, a major upgrade that added convenience and increased the property’s value.I rented out the two garage parking spaces, bringing in consistent revenue.I also raised rents for the second- and third-floor tenants I inherited to be just below market-rate.

We are only very moderately leveraged, but I am in no rush to change that and rather use the cash flow to re-invest either into upgrades (we are doing a ton of driveways this year) or more RE.I don't think there is a right or wrong way, like you said there are many different ways, I just find myself adjusting every year a bit more in that direction.

Since thw course upgrade I have entitled and acre  to have 24 apartments units on it.   

Tenantcloud is definitely more comprehensive and has more up-gradable features via reports and such, but the customer service experience is lacking.

I then hired contractors for plumbing, electrical, roofing, and HVAC upgrades.

One word of caution: the court orders typically allow repairs to make a home habitable, i.e. rent-ready, but not cosmetic or similar non-essential repairs, like upgrades or additions.

I then hired contractors for plumbing, electrical, roofing, and HVAC upgrades.