I recently purchased a multi-unit where part of the sale was to upgrade the electrical to meet code.

Hi Jeff:I work with chain store retailers on a daily basis, and would like to ask a few questions which should help determine if you can upgrade the tenancy at your center: 1.

Would I be able to deduct the cost of those upgrades from my rental income if I make those purchase in 2018 and while the property is still my primary residence?

I almost purchased a two family with 2700 square feet seven years back for ~$900k - now that same home is probably worth at least $2mm BEFORE the coming "Amazon effect"second choice would be a non-landmarked 2-3 family house not more than .5 mile away from the 7 train. third choice a smaller multi-family building. cap rates will be low in 4% range but if you can hold it for 5-10 years with adequate reserves and money to upgrade, you will do wellhttps://www.zillow.com/homes/for_sale/Queens-New-Y...https://www.zillow.com/homes/for_sale/Queens-New-Y...fourth choicepre-war landmarked coop apartments in Jackson Heights. not an investment per se because you usually can't rent these out but if are an owner-occupant, these will do great. fifth choicea condo in LIC - these are already expensive and you'll probably have negative yield but IRR will be fine over a 5-10 year holdAs happy as I am for the Queens news, I was even more thrilled to hear about Nashville because it is the one and only place I have been out of state investing for the past four years!

My parents are realtors in Tallahassee, where I'm from, and they inspired me to start investing.Told me about buying small condo homes to use as cash cows.Interior is all upgraded appliances, and the unit is near Florida State University.

Upgrades include refinishing hardwood, new kitchens/bathrooms and finishing the 1000 sq ft basement. 

You can always upgrade to Personal Student later on.

You just want to ensure that all of the major functions have been upgraded - like no more knob and tube wiring, for example.

You will pay the difference, but will be getting an upgrade that will also beneift the Tenant. 

Or upgrade your unit to make it more appealing to you.