He also noted other miscellaneous items for us to do also, and it seems like he's making a wish list. 

We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!

Because I pay for the materials, I know the cost of each items now.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

You want to make sure you set clear boundaries and have a transparent lease. 

Happy tenants are more likely to renew leases, reducing turnover costs and vacancies.Legal Compliance: Property managers ensure compliance with local, state, and federal laws, including regulations on rent control, fair housing, tenant rights, and eviction procedures.

My thought is if the numbers align one of our client's might be interested in sub-leasing for Airbnb Arbitrage.

There are various rental strategies, including long-term rentals, short-term rentals, agricultural leasing, and corporate/group rentals.

They will have 12 month leases, so over the course of the year you will be explaining to them your plan to rehab their units and bring them to market rent.

However, I did speak with the realtor, and she sent me information on key items like the water heater, which was last replaced in 2014.