But most of house is dated and my investment propoerty is the only house that has everything updated like granite hardwood floors inground pool and an inlaw house .

Looking at maybe just doing a basic white plastic tub with a plastic surround.Flooring – I need to get about 300 to 400 square-foot of tile installed.Basic handyman and drywall work – it looks like there are a couple of areas where water pooled outside of the house, and a little bit seeped in, so some drywall needs to be replaced, and probably add some type of sealant to prevent the leaking in the future.I have already been looking through many of the forums and have found a lot of great information.

I am a retired cop from Boston, moved to sunny Florida about 10 years ago.

Here is a blog where I wrote about a recent 42 unit we bought and did creative things to add value. https://www.biggerpockets.com/renewsblog/bought-multi-million-dollar-apartment-complex-age-26/Just a few ways to produce ancillary income:- Laundry Coin laundryDetergent/laundry essentials in a vending machine in the common area laundry rooms.Rent individual W/D to each unit-Parking Garage parkingCovered parkingprime spot parkingJust plain old charge for parking-Renovations Interior units upgradesCommon area renovationExterior upgrades for curb appeal-Vending machines In common areas such as exercise room, pool house, laundry or leasing office-Trash pick up service In high-end buildings they have a service where you can set trash outside your door and for a fee maintenance will go around each night and collect it so the resident doesn't have to carry it to the dumpster.

While there's a smaller pool of potential tenants to choose from, there is also a very small number of available rental units.A few expenses I noticed missing from your numbers were vacancy, insurance, and capital expenditures.

There is a pretty small pool of like-new houses near downtown Ann Arbor, especially those of decent size, and we have a lot of transplants coming from all over the country to work at the university or other businesses.

In Texas AT LEAST you need to have GFCI outlets on all kitchen counter surfaces, outside, garage, bathrooms etc. this home had the outside ones since the pool was relatively new and the outlets were put in when the pool was put in.

There are two conflicting thoughts here, to me:-One says that you are limiting the number of people interested in the condo because they won't be able to rent it out, thus lowering the prospect pool and price.

All in investment from $60- $80K and what tends to be a better tenant pool.

Generally unless you are in a sunny area year round, August to February is a bad time to sell.