Replacing consumables, broken or stolen furniture3.

Now there are some improvements (kitchen remodel, bathroom remodel, upgrading windows) where that flips on its head, but it's still something to really plan through. 

To evaluate investment prospects, including positive cash flow, potential for appreciation, and value-added upgrades, do a full property study.5.

If you want to stand out to our BiggerPockets community, please use code VENI324 to upgrade at 20% off!

Unless the rules have changed - and I don't think they have in the last year or so,  you can buy in the same market if its an upgrade, or 50 miles out.

The improvements upgrade their property and could benefit a future Tenant. 

There's no "prongs" lol.More than likely smoke alarms will have to be hardwired on a dedicated circuit with an interlocking wire.When the panel is upgraded a main building ground will be required under article 250 of NEC.

Account Closed Given the seller is willing to finance 70% of the purchase price of $1.8M ($1.26M) that means you need to come up with $540,000 + settlement costs, reserves and a budgetary number for repairs unless the property does not require any improvements or upgrades.

Interior and Exterior Upgrades; Modern Appliances, Tiling, paint, etc...What was the outcome?

I had no plan, just fixed what was broken and rented it out on craigslist.