Figure a few grand to paint rooms, replace carpet in a room, deep clean and spruce the property, replace a fixture or two, etc.If you have to replace your resident annually the $9600 total income will get a gut punch.The true value of the higher-end neighborhoods is residents know if they move out of the home they have it's a challenge to find another, especially if they have been there a few years and have a competitively rewarding rent rate.All this really is is basic economics...sell ten custom widgets for $1000 or 100 standard widgets for $100 each.

If the property is worth 415k and you only owe 269k why not sell it at 300-325k range and clean your hands of it if you are at the point of considering bankruptcy?  

The average renter just wants a clean, safe place to live.A few questions to consider before doing the work.

Most cleaners are not going to comply with your PMS platform protocol for cleaning and 98% of the functionality that you are going to use a PMS for will be messaging.

It takes a lot of life experience and finesse to deal with people coping with huge life struggles.If I were young and starting out, I'd offer paid services for clean outs and basic staging/moving around furniture.

Super easy and clean way to get your initial investment out + some more funds to scale! 

Maybe you do nothing if it is clean and functional.  

It needed a new roof, new septic tank, water heater, well pump, hardwood floor refinishing, light reno in kitchen (paint cabinets, replace countertops, 1 new appliance), full bathroom renovation on 2 bathrooms cleaning up wood rot on siding, painting exterior.

I get it, they are trying to make sure these properties are safe for human occupancy but as you and I both know, there are way bigger fish to fry in Canton and properties in A LOT worse condition.Just baffles me that someone like me, comes into town, tries to help clean up some properties and I get hounded for things that are not a big deal in my opinion.

Very true, that being said on the last clean up day 8k lbs of garbage was pulled from the lake.